OECD expects Austria's economy to grow by 1.5% in 2025

VIENNA, 12th July, 2024 (WAM) -- The Organisation for Economic Cooperation and Development (OECD) forecasts Austria's GDP growth to recover to 0.2 percent in 2024 and 1.5 percent in 2025 as domestic demand improves, after the contraction of 0.7 percent last year, the latest OECD Economic Survey of Austria showed.

The fiscal deficit, as a share of GDP, has declined from its pandemic peak but remained relatively h