Recovery of the Austrian economy following the COVID-19 crisis can take up to three years

Poledna, S., Rovenskaya, E. ORCID: https://orcid.org/0000-0002-2761-3443, Crespo Cuaresma, J., Kaniovski, S., & Miess, M. (2020). Recovery of the Austrian economy following the COVID-19 crisis can take up to three years. IIASA Policy Brief. Laxenburg, Austria: PB-26

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Abstract

Collaboration between researchers from IIASA, WU, WIFO, and the IHS provides scenarios of the medium-run economic effects of the lockdown in Austria using the IIASA macroeconomic simulation model. The analysis suggests that the return to the business-as-usual trend may take up to three years after a steep initial economic downturn due to the lockdown, and a gradual recovery thereafter.

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