News – 11.05.2022
WIFO Business Cycle
Report May 2022
A good two months after the outbreak of the Ukraine war, economic uncertainty remains
high. High commodity prices and renewed supply bottlenecks are burdening the global economy. Both in the USA and in the euro
area, economic activity developed only moderately in the first quarter. In Austria, by contrast, strong industrial activity
and catch-up effects in the service sector ensured strong growth. In April, however, overall economic growth weakened.