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OECD: Austria's economy is growing slower than the rest of Europe!
The OECD forecasts slow GDP growth for Austria until 2027. Economic challenges are analyzed, including inflation and the need for reform.
OECD: Austria's economy is growing slower than the rest of Europe!
The Organization for Economic Cooperation and Development (OECD) today published a forecast for Austria's economic development. According to OECD calculations, the Austrian economy will experience a slight recovery in the next two years. Gross domestic product (GDP) growth rates are estimated at 0.3% for 2025 and 0.9% for 2026. Growth of 1.2% is expected for 2027. In comparison, Austria's growth is below the average for OECD countries, which is 1.7% for 2025 and 2026 and 1.8% for 2027. The Eurozone will also show similar growth, with 1.2% in 2026 and 1.4% in 2027.
Despite these positive developments, there are some challenges that could slow the recovery. The impact of higher trade barriers and political uncertainties on the global economy has proven to be less serious than feared. While US tariffs on imports have disrupted international trade, the negative impact has fallen short of expectations.
Austria's integration into the global economy
Austria is strongly integrated into regional value chains, with 21% of exports acting as inputs for foreign partners. This close connection to the global market could also benefit Austria in 2027, as it could benefit from higher government spending in Germany. The forecast for private consumption is also positive for the Austrian market, with an increase expected due to falling inflation, a robust labor market and lower savings.
The low interest rates maintained by the central bank are intended to stimulate additional investment. It is also forecast that inflation could get closer to the two percent mark by the end of 2027. Nevertheless, the economic recovery depends heavily on the developing economy in Europe and the potential tariff shocks.
Recommendations and need for reform
The OECD recommends making targeted public investments to promote business dynamism. These include expanding the broadband network, easing infrastructure regulations and introducing investment incentives. At the same time, an urgent need for reform in public finances, the pension system and social benefits is highlighted.
The challenges for the Austrian economy are broad. In addition to the aging of the population and climate change, pressure from increasing defense spending is also increasing. Therefore, the OECD calls on policymakers to advance structural reforms and optimize public finances to ensure sustainable economic development.