Country report Austria 2019

Country report

  • Austria
  • General economic

28th May 2019

In 2019 Austrian economic growth is expected to decelerate after a robust performance in 2018, mainly due to weaker external demand and lower investment.

 

austria
aut figures
Austria

 

 

Modest insolvency increase expected in 2019

Accelerated economic growth led to decrease in insolvencies in 2017 and 2018. However, in line with a more modest GDP expansion in 2019, business failures are expected to increase slightly.

 

austria

 

Lower GDP growth in 2019 as exports lose steam

Austrian GDP growth accelerated to 2.8% in 2018, mainly fuelled by robust growth in investments and exports. At the same time decreasing unemployment and elevated consumer confidence sustained private consumption.

In 2019, the economic expansion is expected to decelerate to around 1.5%, due to weaker exports as well as decreasing investment and lower industrial production growth.

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.

 

Related documents

Disclaimer, no warranties and exclusion of liability

Atradius disclaims any representations or warranties of any kind, whether expressed or implied, including but not limited to implied warranties of merchantability and fitness for a particular purpose of (INCLUDING BUT NOT LIMITED TO) any information contained on or provided via this Web Site and/or any service described or promoted on this Web Site, including warranties with respect to infringement of any patent, copyright, or other rights of third parties. Atradius shall not be liable for any injury, loss, damage or expense arising out of any access to or use of this Web Site or any site linked to or from this Web Site, including, without limitation, any loss of profit, indirect, incidental or consequential loss. Atradius furthermore shall not be liable for persons, property damage or especially direct, indirect, incidental, consequential, immediate or subsequent (pecuniary) loss. While Atradius has used reasonable efforts in maintaining a virus-free Web Site, it declines any liability for persons, property damage or especially direct, indirect, incidental, consequential, immediate or subsequent (pecuniary) loss which may result from transmission or downloading of computer viruses. Atradius cannot be held liable for hardware damage, loss of data, alteration of data, or downtime.