Austria recovering from recession, expecting economic growth from 2025 to 2029: WIFO

NAMPA / Xinhua

2024-11-07

VIENNA, Nov. 7 (Xinhua) -- The Austrian Institute of Economic Research (WIFO) on Thursday projected Austria's gross domestic product (GDP) to grow by an average 1.25 percent annually from 2025 to 2029, about 0.2 percentage points lower than the medium-term forecast for the eurozone. Austria's economy is "slowly recovering" from the recession in 2023 and 2024 thanks to "improvement in the international business cycle and stronger private domest......

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