Country report Austria 2018

Country report

  • Austria
  • Agriculture,
  • Automotive/Transport,

15th May 2018

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.

Trading partners Austria
Key figures Austria
Austria sectors

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.

Austria Insolvencies

Economic situation

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.

 

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.