Rapid Economic Recovery on the Horizon

Due to the extensive official measures, Austria's economic output fell by 1.1 percent in the first quarter compared to the previous quarter. However, the overall loss of value added is the result of a highly heterogeneous, partly contrary development of the subcomponents. This applies to both the supply and the demand side. Leading indicators paint a favourable picture of further economic development. The gradual withdrawal of restrictions also gives rise to a positive outlook for the second quarter.