Image: VOLKER Weihbold
This emerges from the winter forecast published on Monday. In 2024, growth is expected to pick up again slightly at 1.4 percent. For the year 2022, the EU Commission still expects a strong increase of 4.8 percent. The EU authority predicts growth of 0.9 percent for the euro zone and 0.8 percent for the EU this year. In 2024, the economy in the euro zone is expected to grow again by 1.5 percent and in the EU by 1.6 percent. An increase of 3.5 percent is expected for 2022 both in the euro zone and in the entire EU.
Inflation remains high
Although inflation is likely to ease slightly in Austria this year, it will remain at a high level. According to EU estimates, the rate of inflation will level off at 6.6 percent this year, compared to 8.6 percent in 2022. It is then expected to fall to 3.6 percent in the coming year.
Inflation expectations for the euro zone and EU for 2023 are 5.6 percent and 6.4 percent, respectively, after 8.4 percent and 9.2 percent in 2022. Estimates for the coming year are 2.5 percent in the euro zone and 2.8 percent in the EU.
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