This year, gross domestic product is therefore likely to increase by 0.5 % and by 1.5 % in the coming year. Inflation, as measured by the consumer price index, should fall to 3.5 % this year and drop further to 2.6 % next year. However, inflation in Austria will remain well above the euro area average for some time to come. In 2024, the unemployment rate is likely to rise to 6.9 % and decrease to 6.6 % in 2025. Weaker private consumption or a prolonged slump in international industrial production could delay the recovery.