The Organization for Economic Co-operation and Development (OECD), which collects and analyzes global economic data, said that Austria's economic activity is expected to gradually recover after a two-year contraction, with GDP growing by 1.1 percent in 2025 and 1.4 percent in 2025.
Publish dateSaturday 7 December 2024 - 15:53
According to Amac News: Based on the economic outlook of the OECD, the budget deficit continues to exceed 3% of GDP.
Austria's economy is expected to shrink by 0.5 percent this year, before gradually returning to 1.1 percent GDP growth in 2025, followed by a 1.4 percent increase in 2026, according to the latest estimates released by the organization.
Austria's new economic outlook report predicts that inflation will fall to the European Central Bank's 2.0% target next year. Likewise, household consumption will pick up slightly in the medium term, which points to union negotiations for wage increases in various categories of workers due to inflation.
Austria's economy is expected to shrink by 0.5 percent this year, before gradually returning to 1.1 percent GDP growth in 2025, followed by a 1.4 percent increase in 2026, according to the latest estimates released by the organization.
Austria's new economic outlook report predicts that inflation will fall to the European Central Bank's 2.0% target next year. Likewise, household consumption will pick up slightly in the medium term, which points to union negotiations for wage increases in various categories of workers due to inflation.
amacnews.com/vdcc.1qia2bqiiy-82.html
Most viewed
