WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Christian Glocker, Stefan Ederer
Stagflation in Österreich. Prognose für 2022 und 2023 (Stagflation in Austria. Economic Outlook for 2022 and 2023)
WIFO-Monatsberichte, 2022, 95(10), pp.627-640
Online since: 11.11.2022 0:00
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Nach der kräftigen Expansion im 1. Halbjahr 2022 befindet sich die österreichische Volkswirtschaft mittlerweile in einer Abschwungphase. Die Konjunkturabschwächung betrifft sämtliche Wertschöpfungsbereiche; das verarbeitende Gewerbe dürfte sogar in eine Rezession schlittern. Das reale BIP wird 2022 um voraussichtlich 4,8% wachsen und im Folgejahr in etwa stagnieren (2023 +0,2%). Da die Inflation auch 2023 hoch bleibt, steuert Österreichs Wirtschaft erstmals seit den 1970er-Jahren auf eine Stagflation zu.
JEL-Codes:E32, E66
Keywords:Konjunkturbericht, Konjunkturprognose
Research group:Macroeconomics and Public Finance
Language:German
Stagflation in Austria. Economic Outlook for 2022 and 2023
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.
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