Press Releases
Headwinds from Germany and abroad: institutes revise forecast significantly downwards
According to Germany’s five leading economic research institutes, the country’s economy shows cyclical and structural weaknesses. In their spring report, they revised their GDP forecast for the current year significantly downward to 0.1 percent. In the recent fall report, the figure was still 1.3 percent. Expectations for the coming year are almost unchanged at 1.4 percent (previously 1.5 percent). However, the level of economic activity will then be over 30 billion euros lower due to the current weak phase.
How we are today: Cautious optimism discernible
For the first time since the "How we are today" survey began, more respondents expect their income to improve in the coming 12 months than expect it to deteriorate.
Private consumption supports a slowly recovering economy
The Austrian economy has made a weak start to the current year. However, in the second half of the year, with increasing demand from private households due to rising real income and a brightening of the economy in the euro area, the domestic economy should return to a moderate growth path.
Education as the key to greater equality?
In recent decades, women have caught up significantly in terms of educational qualifications and surpassed men. In 2022, we found that 30 percent of women between 25 and 49 are university educated, compared to only 23 percent of men in this age group. 20 years earlier, the proportion of female university graduates was still significantly lower at 13 percent and only slightly higher than for men (11percent). However, this catching-up process in education has not yet led to equality in the labor market.
New heads of research groups at IHS
As of January 1, 2024, the research groups "Energy, Environment and Sustainable Economic Structures" and "European Governance, Public Finance and Labor Market" at the Institute for Advanced Studies (IHS) will have new heads.
How we are today: Significant urban-rural divide
The new report of the "Ho we are today" study deals with the social consequences of the crisis in the third quarter of 2023 and focuses in particular on the regional differences between urban and rural areas.
How we are today: Financial burdens have increased significantly
The new report of the "How we are today" study sheds light on developments over the past seven survey waves.
IHS study: Insufficient protection for platform-based cleaning staff in Vienna
The GigClean research project focussed on domestic cleaning workers in the gig economy in Vienna. The results were presented at an online press conference on 29 November.
This is how we are today: Focus on future expectations
In the current wave of the "So geht's uns heute" survey, a quarter of respondents expect their household income to decrease.
Lack of knowledge about sustainable investments
In a policy brief, IHS deals with sustainable financial knowledge in Austria. An online survey of more than 1,000 Austrians reveals gaps in knowledge.
Forecast of the Austrian Economy 2023–2027
The record inflation, initially driven by a rise in energy prices, and the distortions in the wake of Russia’s war against Ukraine led to a stagnation of the Austrian economy. As these effects begin to fade, the economy should return to a subdued growth path. For the forecast period 2023 to 2027, IHS expects an average annual real GDP growth of 1.2 %.
How can a culture of philanthropy be established?
A new IHS study developed measures to promote a culture of philanthropy, meaning collective practices, values and emotions that could lead to more philanthropic engagement in our society.
IHS Director Holger Bonin takes up his position at the IHS
Holger Bonin is the new Scientific Director of the Institute for Advanced Studies (IHS) as of 1 July 2023. He succeeds interim Director Klaus Neusser and will lead the Institute together with General Secretary Julia Studencki.
This is how we are today: Economic situation remains tense
The economic situation of Austrian households remains tense in the light of high inflation according to the latest report of the survey "So geht's uns heute" ("This is how we are today").
IHS Summer Forecast: Return to Moderate Growth Path
On June 28, the Institute for Advanced Studies (IHS) presented its latest economic forecast for the period 2023-2024. After a phase of stagnation, economic growth should pick up again by the end of 2023.
Raising the CO2 price, lowering environmentally harmful subsidies
Austria introduced a CO2 price in 2022. However, its implementation is flawed. On the one hand because of subsidies that run counter to climate protection efforts, and on the other because of the level of the price, which is too low by international standards.
Policy Brief: Courage for appropriate CO2 pricing
The CO2 price in Austria is rather low in international comparison. Moreover, it is too low to reflect the costs of climate change or to effectively promote decarbonization.
Joint Economic Forecast Spring 2023: Stubborn core inflation – Time for supply side policies
The leading economic german research institutes have raised their forecast for growth in German economic output in the current year to 0.3 percent. In the fall, they were still expecting a decline of 0.4 percent. “The economic setback in the winter half-year 2022/2023 is likely to have been less severe than feared in the fall. The main reason for this is a smaller loss of purchasing power as a result of a significant drop in energy prices,” says Timo Wollmershäuser, Head of Forecasts at ifo. Nevertheless, the rate of inflation will fall only slowly from 6.9 percent last year to 6.0 percent this year.
Spring Forecast of the Austrian Economy 2023–2024: A robust labor market supports the economy
In Austria, real GDP has been stagnating since mid-2022. High inflation as a result of energy prices, elevated uncertainty and weak international demand are all weighing on the domestic economy. With global demand picking up and inflationary pressure easing, the Austrian economy should return to a stable growth path in the second half of 2023.
Designated IHS Director Bonin: Scientific excellence with relevance for society
German economist Holger Bonin will take up his position as Scientific Director of the Institute for Advanced Studies (IHS) on 1 July 2023 and will lead it together with Secretary General Julia Studencki. The designated successor to Klaus Neusser presented himself and his perspectives to the public for the first time at the IHS on 28 March.
Institute for Advanced Studies (IHS) and Masaryk University (MUNI) Collaborate to Strengthen European Academic Cooperation
IHS and Masaryk University sign Memorandum of Understanding (MoU) to formalize their collaboration in an effort to promote academic cooperation and exchange.
Holger Bonin appointed scientific director of the IHS
Negotiations to fill the position of scientific director of the Institute for Advanced Studies (IHS) have been successfully concluded. Prof. Dr. Holger Bonin will take up the position on July 1, 2023.