Country report Austria 2018

Länderbericht

  • Österreich
  • Agrar/Landwirtschaft,
  • Automobil/Transport,
  • Chemie/Pharma,
  • Bau,
  • Konsumgüter,
  • Elektronik/ITK,
  • Finanzdienstleistungen,
  • Nahrungsmittel,
  • Maschinen/-bau,
  • Metall,
  • Papier,
  • Dienstleistungen,
  • Stahl,
  • Textil

15 Mai 2018

In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. The momentum is forecast to slow down in 2019.

The insolvency environment

Further insolvency decreases expected in 2018

After decreasing three years in a row, Austrian business insolvencies increased by 1.5% in 2016. In 2017, accelerated economic growth led to a decrease of 3%, and business failures are expected to decline further in 2018.

Economic situation

Robust growth expected in 2018

Austrian GDP growth accelerated to more than 3% in 2017, mainly fuelled by robust growth in investments and exports.

Private consumption growth is sustained by decreasing unemployment and improved consumer confidence.

In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. Growth momentum is forecast to slow down somewhat in 2019.

The indebtedness of the non-financial private sector remains moderate compared to that of other advanced countries. However, the banking sector has a big exposure to countries in Central and Eastern Europe.