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Austria's Economy: End of Recession in Sight, but Recovery Remains Fragile
After two years of recession, a turning point appears to be on the horizon for the Austrian economy. This is according to leading economic research institutes WIFO (Austrian Institute of Economic Research) and IHS (Institute for Advanced Studies), which have raised their forecasts for 2025 and now expect economic output to stagnate or grow slightly. Nevertheless, both institutes warn of ongoing risks and only a modest recovery.
Overall, current forecasts show that Austria's economy has bottomed out and is on a tentative path to recovery. / Picture: © Wikimedia Commons / Gugerell / CC0
Austria experienced its longest period of weakness since the end of the war. While WIFO expects economic output to stagnate in 2025, IHS forecasts a slight increase in gross domestic product (GDP) of 0.1%. For 2026, the institutes agree that the recovery will continue, with forecast GDP growth of 1.2% (WIFO) and 1.0% (IHS).
Christian Glocker, one of the authors of the current…
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