The Austrian National Bank reduces its expectations for economic growth for the year 2025
Vienna on March 25 / WAM / The Austrian National Bank “ONB” has reduced its expectations for GDP growth in Austria for the current year 2025.
He expected the economic product to decrease by 0.1%, compared to optimistic expectations issued by the bank, three months ago, which predicted the growth of the economic product by 0.8%.
In the latest report on the prospects for the development of the local economy, the Austrian National Bank expected an economic recovery and moderate growth of 1.2% in 2026 and 2027, and the bank reduced the level of its expectations issued last December, regarding the recovery of the Austrian economy by 1.6%. During the next two years. The Austrian Central Bank report spoke about the stability of the local economy conditions during the current year 2025, but it ruled out a marked recovery until the second half of the year, and expected the inflation rate to continue at the level of 2.9%, and the rise in the budget deficit to 3.8% of the gross domestic product for the current year.
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