2024: Austria's economy to stagnate at 0.2% GDP growth; recovery forecasted at 1.8% in 2025.

Austria's economy is expected to stagnate in 2024, with a GDP growth of only 0.2%, according to the Austrian Institute of Economic Research (WIFO). The slowdown is attributed to high interest rates and the European economic downturn, particularly affecting Germany and Austria, which specialize in capital goods production. However, WIFO projects a modest recovery with GDP growth rising to 1.8% in 2025.