Macro - Country Economic Forecasts - Austria
Revised data indicate that the economy remains in a recession, following a 0.1% q/q contraction in Q3 and a 0.2% q/q decline in Q2. GDP details paint a mixed picture with government consumption and investment expanding while private consumption and net exports fell. As a result, we expect the economy to contract by 0.9% this year, followed by growth of 0.9% in 2025.
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