Economy | deVere Austria

Austria’s GDP forecast to fall 0.7% in 2024

The Austrian National Bank (OeNB) revised its forecast for Austria's gross domestic product (GDP) for the year at the end of last week, shifting from an anticipated 0.3% growth to a projected 0.7% contraction.

posted on 16.09.2024

Economy

Austria’s GDP falls for fifth consecutive quarter in Q2

Austria’s GDP declined for the fifth straight quarter between April and June of this year, according to the latest findings by Statistics Austria, signalling that the country continues to be in a recession.

posted on 09.09.2024

Economy

Austria’s inflation rate dips to 2.4% in August

The inflation rate in Austria fell to 2.4% in August, the lowest since April 2021.

posted on 03.09.2024

Economy

Austria’s GDP forecast to fall 0.7% in 2024

posted on 16.09.2024

Economy

Austria’s GDP falls for fifth consecutive quarter in Q2

posted on 09.09.2024

Economy

Austria’s inflation rate dips to 2.4% in August

The inflation rate in Austria fell to 2.4% in August, the lowest since April 2021.

posted on 03.09.2024

Economy

Austria’s hyperinflation under control, business sentiment remains weak

Austria has managed to control its hyperinflation, with the inflation rate now approaching the eurozone average in recent months.

posted on 12.08.2024

Economy

International organisations add €1.7bn of value to Austria’s economy in 2023

According to a study released by the Austrian Institute of Economic Research (WIFO) on Monday, approximately 50 international and quasi-international organisations based in Austria

posted on 30.07.2024

Economy

Austria’s economy to grow by 1.5% by 2025, says OECD

The Organisation for Economic Cooperation and Development (OECD) forecasts Austria's GDP growth to rebound to 0.2% in 2024 and 1.5% in 2025, driven by improved domestic demand.

posted on 16.07.2024

Economy

Ease in Austria’s manufacturing downturn in May

Although Austria’s manufacturing activity further weakened this month, the pace of the decline diminished amid the slowest drop in output for almost two years.

posted on 29.05.2024

Economy

Austria unveils plans to tackle skilled worker shortage

In light of growing concerns from industry and trade sectors about the lack of skilled workers, Austria has unveiled plans for new labour market strategies to address this urgent problem.

posted on 14.05.2024

Economy

Austria and UAE to boost economic ties

Austria and the UAE are seeking to bolster bilateral trade and investment in the coming years, says a senior official.

posted on 28.03.2024

Economy

Austria’s 2024 inflation outlook shows considerable improvement

Inflation in Austria has declined, and economic growth has returned since the beginning of the year, according to the latest inflation forecast by the Austrian National Bank (OeNB).

posted on 18.03.2024

Economy

Austria’s economy slips into recession in Q3

After contracting 1.4% between April and June this year, Austria’s GDP declined by 1.8% in real terms between July and September, signalling the country’s economy has slipped into recession

posted on 04.12.2023

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