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The UniCredit Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

Austrian economy changes down a gear with rapid rate of recovery

  • UniCredit Bank Austria Business Indicator falls to 4.6 points in September, but still outstrips the long-term average significantly
  • Catch-up effects coming to an end and increasing burdens from production bottlenecks slow the rate of recovery
  • Growth forecasts for 2021 and 2022 remain high, with GDP rising by 4.0 percent and 5.1 percent respectively
  • After rapid drop in the unemployment rate in September to seasonally adjusted 7.7 percent, we could see winter blip in the trend
  • Inflation risks rise: fall in oil prices should reverse this trend in 2022

 

as of 15 October 2021.