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Stagflation in Austria. Economic Outlook for 2022 and 2023
WIFO Reports on Austria, 2022, (16), 14 pages
Online since: 31.10.2022 0:00
After the strong expansion in the first half of 2022, the Austrian economy is now in a downturn phase. The economic slowdown is spreading to all value adding sectors; the manufacturing sector is even likely to slip into recession. Real GDP is expected to grow by 4.8 percent in 2022 and roughly stagnate in the following year (2023 +0.2 percent). With inflation remaining high in 2023, Austria's economy is heading for stagflation for the first time since the 1970s.
JEL-Codes:E32, E66
Keywords:Business Cycle Report, Economic Outlook, Forecast
Research group:Macroeconomics and Public Finance
Language:English

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