Economic weakness is only slowly being overcome in Austria
“So far, the Austrian economic data and sentiment indicators show little sign of the expected economic improvement for 2025 and 2026. However, the current UniCredit Bank Austria Business Indicator has risen slightly to minus 2.6 points, which still reflects a clearly pessimistic mood in the Austrian economy”, says UniCredit Bank Austria economist Walter Pudschedl.
- The UniCredit Bank Austria Business Indicator rose slightly to minus 2.6 points in November
- Interest rate cuts and increases in purchasing power support GDP growth in Austria of 0.9 per cent in 2025 and 1.3 per cent in 2026
- Inflation shock has been overcome, but challenges remain: Average annual inflation falls to 2.2 per cent in 2025 and 1.9 per cent in 2026
- Unemployment rate expected to rise to at least 7.2 per cent in 2025
- While the US is likely to stop cutting key interest rates in 2025, it is to be expected that the ECB will be forced to cut the deposit rate to 1.75 per cent by the end of 2025, slightly below the neutral level, in response to US policy
UniCredit Bank Austria Business Indicator (PDF)
UniCredit Bank Austria Business Indicator – Computation method (PDF)
as of December, 2024
About UniCredit Bank Austria Business Indicator
The UniCredit Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
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