WIFO Economic Outlook

The analysis and forecast of the business cycle is a core competence of WIFO. The series "WIFO Economic Outlook" presents the quarterly economic forecast, which focuses on the current and next year. The economic outlook is based on WIFO's Flash Estimates of the Quarterly National Accounts and the results of the WIFO-Konjunkturtest (business cycle survey in cooperation with the European Commission) as well as short-term estimates of economic development based on high-frequency economic indicators, such as the Weekly WIFO Economic Index (WWWI).

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Wirtschaftliche Erholung verliert an Schwung. Prognose für 2022 und 2023 (Economic Recovery Loses Momentum. Economic Outlook for 2022 and 2023)
WIFO Economic Outlook (German version), 2022, (2), 36 pages
Online since: 30.06.2022 10:00
 
Die wirtschaftlichen Aussichten haben sich seit der letzten WIFO-Prognose weltweit eingetrübt. Dies hat auch Folgen für die erwartete Erholung in Österreich. Vorlaufindikatoren deuten auf eine Konjunkturabschwächung hin, die 2022 vorwiegend die Industrie betrifft. Dagegen wird der Tourismus 2022 überproportional zum Wirtschaftswachstum beitragen. Nach +4,8% im Vorjahr erwartet das WIFO für 2022 und 2023 ein reales BIP-Wachstum von 4,3% bzw. 1,6%.
Keywords:WIFO-Konjunkturprognose
Research group:Macroeconomics and Public Finance
Language:German

Economic Recovery Loses Momentum. Economic Outlook for 2022 and 2023
The economic outlook has clouded worldwide since the last WIFO forecast. This also has consequences for the expected recovery in Austria. Leading indicators point to an economic slowdown that will predominantly affect industry in 2022. In contrast, tourism will contribute disproportionately to economic growth in 2022. After +4.8 percent in the previous year, WIFO expects real GDP growth of 4.3 percent and 1.6 percent for 2022 and 2023, respectively.

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