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Macro - Country Economic Forecasts - Austria

Publisher Oxford Economics
Published Apr 16, 2025
Length 9 Pages
SKU # OFE20029162

Description

We have cut our growth outlook for the Austrian economy by 0.1ppt and anticipate another contraction of 0.2% this year. We believe the economy will struggle to grow in the first half of the year, gradually improving towards year-end. US tariffs on EU goods, particularly the 25% tariffs on cars, pose significant headwinds for Austrian industry. We expect this to be partially offset by increased German fiscal spending next year, which will have positive repercussions for the Austrian economy due to its trade linkages with Europe's largest economy.

Table of Contents

9 Pages
Finland: Trade policy uncertainty to weigh on growth
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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