The Austrian Institute of Economic Research (WIFO) and the Institute for Advanced Studies (IHS) have both revised down their economic growth forecasts.

WIFO Director Gabriel Felbermayr commented on the proposed fuel price brake, a measure aimed at mitigating rising fuel costs in Austria.

WIFO chief Felbermayr has stated that he believes it is too early for government intervention regarding rising fuel prices.

Austria's economic output increased by 0.6% in the previous year, surpassing forecasts from economic institutes Wifo and IHS.

Im Dezember prognostizierten die Wirtschaftsforscher noch ein Wachstum von 1,2 Prozent. Angesichts des Iran-Kriegs wird in der neuen Prognose eine Korrektur nach unten erwartet.

Pharmaceutical company MSD announced its economic footprint in Greece, with its total contribution to the Greek GDP reaching 84 million euros in 2024, according to an analysis by the WifOR Institute.

Concerns about inflation are resurfacing, with rising fuel prices potentially signaling broader economic challenges. Economists warn that inflation may remain high despite government measures, urging calm from policymakers and faster adoption of renewable energy.

Labour expert Austin Gamey has urged the Civil and Local Government Staff Association, Ghana (CLOGSAG), and the government to fully comply with the procedures of the National Labour Commission, insisting that the commission remains the legally mandated body to mediate the ongoing labour dispute.

Gabriel Felbermayr, head of Wifo, believes it is too early for the government to intervene in fuel prices, stating that two euros per liter is not yet high enough to warrant action.

In October 2026, Felbermayr will also begin his second term as Director of the Austrian Institute of Economic Research.

A Wifo report suggests that Austria's spending on care allowances could increase by 144% by 2080, advocating for measures promoting healthier aging, education investments, and training programs for care professionals.

Austria has implemented a fuel price brake, with the government expecting no supply shortages and the Wifo institute anticipating a dampening effect on inflation. Diesel prices were approximately 2.20 Euro on Wednesday, while the Green party has called for a 100 km/h speed limit on highways.

Wifo-Chef Felbermayr anticipates inflation in Austria to hover around three percent, even with fuel price brakes in place. He advocates for accelerating the expansion of renewable energies to counter inflationary pressures.

The Wifo economic survey indicates that geopolitical factors, particularly the Iran war, are hindering investment and dampening demand for domestic industrial goods in Austria, preventing an anticipated economic recovery.

Police in Ghana have restored calm in Twifo Bimpong-Agya after a violent clash among youth resulted in the stabbing death of a 28-year-old man, Ebenezer Korley.

According to insiders, economist and former head of the Kiel Institute for the World Economy, Gabriel Felbermayr, is slated to succeed Ulrike Malmendier on Germany's Council of Economic Experts.