GDP growth decelerates, global uncertainty increases
Austria’s economic growth is expected to have remained very high in the first half of 2018. Against the background of weaker growth in the euro area since the beginning of the year as well as the increased uncertainty in the global environment, however, a significant slowdown in growth is expected for the remaining forecast period. The Austrian economy is projected to grow by 2.9 % and 1.7 % in 2018 and 2019, respectively. Due to the excellent economic situation, the public sector is likely to reach a balanced budget. Urgently needed structural reforms should be addressed now. The risks surrounding the economic outlook are currently on the downside, in particular due to the threat of increased protectionism and the uncertainty relating to the outcome of the Brexit negotiations.
Press information of June 29, 2018 (pdf - long version in German only)
Press information (pdf - short version in English)