Research Detail
| 2024/03/12 / Erste Group Research |
Weak economic growth expected in 2024, inflation declines slowly After a boom in 2022, the Austrian economy fell into recession in 2023. All major components of GDP declined. We expect very moderate recovery in 1H24. Inflation has fallen recently, attributable to falling energy prices and diminishing food inflation, but remains well above the eurozone average due to inflationary pressure in the services sector. At the March meeting, the ECB Governing Council left the key interest rates unchanged. Yields on German government bonds have risen from low levels. Yields on 10-year Austrian government bonds have been trading at above-average risk premiums compared to German yields since 2022. |
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General information
| Author | Erste Group Research |
| Date | 2024/03/12 |
| Language |  |
| Product name | CEE Country Macro Outlook |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Austria |
| Currency in focus | Euro |
| Sector in focus | - |
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