Medium-term Forecast for the Austrian Economy 2023 to 2027 in June 2023

In line with international economic trends, the Austrian economy is gradually recovering after stagflation in 2023. A peak in the business cycle is expected in 2025 with economic growth of 1.8 percent. For 2023-2027, WIFO expects an average GDP growth of 1.4 percent p.a. (Ø 2010-2019 +1.5 percent p.a.).