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Macro - Country Economic Forecasts - Austria

Publisher Oxford Economics
Published Oct 22, 2024
Length 9 Pages
SKU # OFE19321873

Description

Macro - Country Economic Forecasts - Austria



Economic activity in Austria remained weaker than we anticipated in recent months and heavy floods in September presented an additional drag. Consequently, we now expect flat quarterly growth for Q3. But risks are skewed to the downside as industrial production continues to suffer from weak external and domestic demand. We think GDP will contract by 0.5% this year before expanding by 1.1% in 2025, on the back of recovering consumption, a pickup in external demand, and stronger investment as monetary policy becomes less restrictive.

Table of Contents

9 Pages
Austria: Weak demand continues to plague manufacturing
Forecast overview
Recent developments
Short-term 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
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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