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Stagflation in Austria. Economic Outlook for 2022 and 2023

Author

Listed:
  • Christian Glocker

    (WIFO)

  • Stefan Ederer

Abstract

After the strong expansion in the first half of 2022, the Austrian economy is now in a downturn phase. The economic slowdown is spreading to all value adding sectors; the manufacturing sector is even likely to slip into recession. Real GDP is expected to grow by 4.8 percent in 2022 and roughly stagnate in the following year (2023 +0.2 percent). With inflation remaining high in 2023, Austria's economy is heading for stagflation for the first time since the 1970s.

Suggested Citation

  • Christian Glocker & Stefan Ederer, 2022. "Stagflation in Austria. Economic Outlook for 2022 and 2023," WIFO Reports on Austria, WIFO, issue 16, October.
    • Handle: RePEc:wfo:repoau:y:2022:i:16
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    File URL: https://www.wifo.ac.at/wwa/pubid/70469
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