According to Statistics Austria, Austria's economy grew by 1.5 percent in the second quarter of 2022 compared to the previous quarter, after GDP had already increased strongly in the first quarter. Growth impulses came primarily from favourable export dynamics, which in turn stimulated industrial production. However, leading indicators point to a slowdown in economic activity in the second half of the year.

The Austrian federal government has announced to present on 7 September 2022, a model for an electricity price brake based on the model of a subsidised basic electricity quota at a fixed price developed by WIFO.

The results of the WIFO-Konjunkturtest (business cycle survey) show a further weakening of economic dynamics in August. At 8.4 points (seasonally adjusted), the WIFO Business Climate Index is 2.1 points below the value of the previous month (10.5 points) but still in positive territory.

Since 27 July 2022, the Austrian National Council has explicitly stipulated through an amendment to the Federal Constitutional Law (B-VG) that studies commissioned by the public sector and financed with taxpayers' money must be published.