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PDF Prices and inflation in Austria during the COVID-19 crisis

The COVID-19 pandemic and the accompanying policy measures have affected the Austrian economy in multiple ways On the one hand the supply side of the eco 

  • Austria's economy fell into recession, with a slump in consumption and investments driving down output for a second consecutive quarter.
    Gross domestic product declined 0.6% in July-September after a 0.8% drop in the prior three months, the Wifo research institute said Monday.

  • How is Austria doing economically?

    Last update (15/02/2024)
    The Austrian economy is estimated to have contracted by 0.7% in 2023, slightly more than expected in autumn, due to weaker private consumption and investments.
    Private consumption suffered from a loss in households' purchasing power in a context of high inflation.

  • Which countries economy worst affected by coronavirus?

    The economic impact of the coronavirus outbreak will be mostly felt by countries with close links to China either through trade, investment, or the movement of people.
    Mongolia, Cambodia and Laos are the most exposed Asian countries, followed by Myanmar, the Philippines, and Viet Nam.

  • Why does Austria have so many COVID cases?

    According to Eva Schernhammer, an epidemiologist at the Medical University of Vienna, the onset of winter and people moving indoors has made it easier for Covid-19 to spread.
    Immunity levels are also starting to wane among those who were vaccinated earlier in the year, making them more vulnerable to the Delta variant.

  • Austria's economy has been strongly affected by the COVID-19 pandemic and related containment measures, with GDP expected to show a 7.4% contraction in 2020. The first half of 2020 recorded the deepest recession since the Second World War.
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