Expert explains

Why our economy is not gaining momentum

Austria's economy will continue to grow only weakly over the next few years. Following a recession in 2023 and again this year, the Austrian Institute of Economic Research (Wifo) is forecasting annual growth of just 1.25 percent until 2029. The two reasons are quickly identified by experts ...

"Austria is running out of growth," is how Wifo Director Gabriel Felbermayr sums it up. There are many reasons for this. But two points in particular are a burden on our business location ...