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Austria central bank

Austria central bank predicts mild recession then 0.6% growth in 2023

Austria central bank predicts mild recession then 0.6% growth in 2023

Austria central bank predicts mild recession then 0.6% growth in 2023. Austria will be in a "mild" recession by the end of the year, and then at the start of 2023, the central bank announced on Friday, anticipating that growth in gross domestic product next year will be at 0.6 percent, higher than the forecasts of other analysts. Two major economic think-tanks, Wifo and IHS, issued economic forecasts for an increase in the GDP range of 4.7%-4.8 percent this year, and 0.3%-0.4 percent in the next year. Austria's National Bank released its own forecast. The Austrian National Bank produced its…
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