Macro - Country Economic Forecasts - Austria

Macro - Country Economic Forecasts - Austria

Geopolitical tensions, in tandem with worsening inflation following sanctions on Russia, have clouded Austria's outlook. Supply chain disruptions were just beginning to recover prior to the Russian invasion of Ukraine, but headwinds are now intensifying. We expect geopolitics to impact trade, with the direct hit from Austria's trade with Russia and Ukraine amplified by strained European value chains and the effects of sanctions. The surge in energy and food prices will drag on household real income, thus tempering private consumption. As a result, we now expect GDP to grow 2.4% in 2022, down from 2.7% growth projected last month.

Austria: Energy prices, supply chains and inflation to drag on growth
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and structure of trade

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings