In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. The momentum is forecast to slow down in 2019.
The insolvency environment
Further insolvency decreases expected in 2018
After decreasing three years in a row, Austrian business insolvencies increased by 1.5% in 2016. In 2017, accelerated economic growth led to a decrease of 3%, and business failures are expected to decline further in 2018.
Robust growth expected in 2018
Austrian GDP growth accelerated to more than 3% in 2017, mainly fuelled by robust growth in investments and exports.
Private consumption growth is sustained by decreasing unemployment and improved consumer confidence.
In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. Growth momentum is forecast to slow down somewhat in 2019.
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.