Economic Upswing in Austria

Austrian economy to grow by over 3 percent in 2021


Analysts of UniCredit Bank Austria expect the Austrian economy to grow by over 3 percent in 2021 and by over 5 percent in 2022. In their Aug. 2021 analysis  they see the Austrian economy at the beginning of the second half of 2021 in unbroken high spirits. The recovery of the Austrian economy might however reach its peak during the summer. Future drivers of the recovery will change to private consumption and the service sector. Only at the end of the year 2021, the Austrian economy will reach pre-crisis levels. Austrian exports increased in the first five months of 2021 (compared to a year ago) by over 15% worldwide.

Hotels in Austria are open again and travelers from certain countries and regions can enter Austria again. For up-to-date Information on the Coronavirus Situation visit the web pages of the Austrian Ministry for Health  or  Austria’s official travel portal