Source : WAM
Austria’s labour market is showing signs of a slow recovery as the country emerges from a period of recession, supported by 0.5 percent GDP growth last year.
Estimates from the Austrian National Bank (OeNB) indicate that unemployment is likely to decline by spring compared to the previous year.
Martin Kocher, Governor of the Austrian National Bank, reported that the number of job seekers and participants in training and rehabilitation programs reached 434,572 at the end of December. He predicted a drop in unemployment as businesses increase hiring amid a strengthening economic rebound, noting that signs of recovery are becoming increasingly visible.
Inflation in Austria is also expected to ease to around 2.4 percent in 2026, gradually moving toward the 2 percent target projected for 2027. This decline is anticipated to bring Austria’s inflation rate closer to the European Union average.
