Crisis crisis: Austria's economy stumbles into the third year of recession!

Crisis crisis: Austria's economy stumbles into the third year of recession!

Vienna, Österreich - Austria faces a serious economic challenge: Raiffeisen economists warn a possible third year in the recession. The latest forecasts show a disturbing picture: The gross domestic product (GDP) is reduced from plus 1.4 percent to only 0.9 percent in 2025, while the estimate for 2024 was even revised to minus 0.5 percent, such as vienna.at , a persistent "consumption strike" could lead to the current growth expectations reduced. The structural problems that affect the Austrian economy are additionally tightened by the government that aims at a consolidation volume of 6.4 billion euros. These measures could dampen growth in 2025 by up to one percentage point.

In addition, Raiffeisen Research emphasizes that Austria could be particularly hit by possible US criminal duties compared to other European countries. This could further deteriorate the already tense export position. The economists agree that the challenges in front of Austria are not easy and that the upswing could move further into the future. The right political and economic answer to these impending problems will be of crucial importance in the coming months.