WIFO Reports on Austria

Die WIFO Reports on Austria sind englischsprachige Kurzanalysen zu ökonomischen Entwicklungen in Österreich. Es werden regelmäßig Beiträge zu den Themen Konjunktur, Wettbewerbsfähigkeit, Makroökonomie, Arbeitsmarkt, Digitalisierung, Cash-Flow und Lohnstückkosten veröffentlicht, die die wesentlichen Entwicklungen in diesen Bereichen in Österreich zusammenfassen.

Die Artikel der Vorgänger "WIFO Bulletin" und "Austrian Economic Quarterly" finden Sie hier: WIFO Bulletin, Austrian Economic Quarterly  

SucheErweiterte Suche

Aktuelle Ausgaben (26 Treffer)

As a result of the measures taken to contain the COVID-19 pandemic, Austria's economic output decreased by 6.7 percent in 2020 compared with the previous year. Greenhouse gas emissions fell by 7.7 percent (or 6.1 million t CO2 equivalents) and reached their lowest level since 1990. The transport sector accounted for more than half of the total decrease in greenhouse gas emissions compared to 2019. However, the emissions reductions do not reflect structural improvements in energy or emissions intensity; rather, they are short-term declines resulting from reduced economic activity and limited private mobility due to COVID-19 related restrictions and increased home-office schemes. Therefore, consistent implementation of measures leading to a sustainable reduction of greenhouse gas emissions is required to achieve the climate policy objectives, in particular the Austrian target of climate neutrality by 2040.
The results of the WIFO-Konjunkturtest (business cycle survey) of July show a weakening of economic dynamics and a clouding of economic expectations in a quarterly comparison. In all sectors, the economic indicators lost ground compared to April. Capacity utilisation also declined in all sectors but remained at above-average levels. In the economy, as in the previous quarter, the "shortage of labour force" was the most important obstacle to business activity, in manufacturing and retailing the shortage of materials and intermediate products. Business uncertainty increased, while sales price expectations remained above average.
The present monitoring of selected indicators on various aspects of the digital transformation of the economy and society shows that Austria still only ranks in the middle of the EU 27. The gap in the availability of particularly high-performance fibre-optic infrastructures in an EU comparison could be efficiently reduced by open network access models that allow multiple use of existing network infrastructures. This would bring the nationwide availability of gigabit-capable access networks a decisive step closer.
WIFO Reports on Austria, 2022, (9), 16 Seiten
Online seit: 26.07.2022 0:00
The economic outlook has clouded worldwide since the last WIFO forecast. This also has consequences for the expected recovery in Austria. Leading indicators point to an economic slowdown that will predominantly affect industry in 2022. In contrast, tourism will contribute disproportionately to economic growth in 2022. After +4.8 percent in the previous year, WIFO expects real GDP growth of 4.3 and 1.6 percent for 2022 and 2023, respectively.
WIFO Reports on Austria, 2022, (8), 13 Seiten
Online seit: 30.06.2022 0:00
From spring 2021, the Austrian labour market gradually recovered from the major dislocations caused by the COVID-19 pandemic and the measures taken to contain it in the previous year. Employment returned to its pre-pandemic level in May, and unemployment fell below its pre-crisis level starting in the fall. Even the fourth lockdown in winter 2021 barely slowed the recovery. In spring 2022, the upward trend on the labour market continued despite the outbreak of war in Ukraine. Declining but still high long-term joblessness remains a key challenge.
The COVID-19 pandemic and its consequences continued to shape the development of the global economy in 2021. Regionally, economic activity was heterogeneous, although the rapid recovery in industrial production resulted in supply bottlenecks and sharp price increases in many areas. The domestic economy expanded again, although economic activity fluctuated once more strongly over the year and was largely influenced by the COVID-19 health care policy measures. With the economic recovery, average hours worked also increased, which had a positive effect on per capita incomes. Together with improved consumer confidence and savings reserves from the previous year, this increased households' willingness to spend. Rising raw material prices had an inflationary effect, causing the Consumer Price Index to rise significantly, particularly at the end of 2021.
WIFO Reports on Austria, 2022, (6), 17 Seiten
Online seit: 13.04.2022 0:00
The Ukraine war leads to renewed significant negative supply shocks that do not allow domestic industry to grow. Inflation remains high for longer and dampens the growth of private consumption. The large catch-up potential in tourism makes it a pillar of growth this year. Overall, more than half of the expected 3.9 percent growth rate for 2022 is due to accommodation and food services. The labour market trend remains favourable.
WIFO Reports on Austria, 2022, (5), 12 Seiten
Online seit: 13.04.2022 0:00
The results of the December 2021 WIFO-Konjunkturtest (business cycle survey) show that Austrian companies expanded their innovation spending in 2021. However, the still unfavourable economic environment has led to restraint in the introduction of new products. The persistence of the COVID-19 crisis is likely to have hit the innovation activity of small and medium-sized enterprises in particular.
The results of the January WIFO-Konjunkturtest (business cycle survey) show a decline in economic momentum on a quarterly basis. However, in all sectors except retail trade, economic indicators remained at confident levels. Due to the easing of health policy restrictions in January, the WIFO-Konjunkturampel (economic traffic light) jumped to green. Business uncertainty remains high. Capacity utilisation fell in the service sectors but remained high overall. As in the previous quarter, the "shortage of labour force" was mentioned as the most important obstacle to business activity. In manufacturing, construction and retailing, shortages of materials and inputs continue to hamper business activity.
WIFO Reports on Austria, 2022, (3), 12 Seiten
Online seit: 25.02.2022 0:00
In the last two years, economic policy in Austria has been dominated by the COVID-19 crisis. Concerning its pandemic re-sponse, compared to its international peers, Austria ranks only average, both in terms of excess mortality and economic loss-es. While the pandemic situation is still acute, economic policy must nonetheless refocus on structural issues that are decisive for long-term prosperity. This article highlights some aspects of the COVID-19 crisis and offers some thoughts on the transfor-mation of the energy system and the reform of labour market institutions. The proactive design of both policy areas will be crucial for the country's successful economic future.

Ihre Ansprechpersonen


apl. Prof. Dr. Hans Pitlik

Funktion: Ökonom (Senior Economist), Chefredaktion WIFO-Monatsberichte und WIFO Reports on Austria

Tamara Fellinger

Tätigkeitsbereiche: Redaktion, Website, Publikationen, Abonnentenbetreuung

Tatjana Weber

Tätigkeitsbereiche: Redaktion, Website, Publikationen, Abonnentenbetreuung