Medium-term Forecast for the Austrian Economy 2022-2026 from June 2022

In the forecast period, estimated trend growth is between 1.3 and 1.5 percent and the output gap (according to the WIFO method) is around +1.2 percent. From 2023 onward, average employment growth is +0.9 percent p.a. and the unemployment rate still decline slightly from a projected 6.3 percent in 2023 to 6.1 percent by 2026.