Austria's economy to slightly grow in 2025, institutes forecast
Oct 7 (Reuters) - Austria's economy is expected to slightly grow in 2025, helped by private consumption, before picking up in 2026, two leading economic institutes said on Tuesday.
The WIFO institute expects gross domestic product (GDP) to grow by 0.3% in 2025 and 1.1% in 2026.
Similarly, the IHS institute foresees economic growth of 0.4% this year and 0.9% next year.
The recovery will be driven by private consumption, and residential construction investment will pick up earlier than investment in equipment thanks to falling interest rates, said WIFO.
"According to the latest data, the economic downturn in Austria was similarly pronounced to that in Germany and lasted particularly long, around three years," said Stefan Schiman-Vukan, one of the authors of the current WIFO forecast.
Both WIFO and IHS expect inflation to come in at 3.5% in 2025 before slowing to 2.4% in 2026.
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