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wiiw.ac.at
wiiw
@wiiw.ac.at
180 followers 40 following 350 posts
Vienna Institute for International Economic Studies (wiiw) www.wiiw.ac.at EU integration, Macroeconomics, Labour markets, International economics, Industrial studies, Labour markets, Regional studies & more Focus on Central, Eastern & Southeastern Europe
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wiiw @wiiw.ac.at · Jul 1
Hot off the press: New Summer Forecast for 23 countries in Eastern Europe 2025-2027. Region continues to grow much faster than the euro area; major downward risks remain; #Russia ’s growth will halve to around 2%; #Ukraine ’s outlook is deteriorating 🧵 #Thread 1/7
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wiiw.ac.at
wiiw @wiiw.ac.at · 21m
Fascinating lecture today by @guntramwolff.bsky.social on how the 🇪🇺 can make its rearmament credible, effective & affordable given the challenge posed by 🇷🇺. Key points: build a common defence market, pool industrial capacities, boost R&D to reduce reliance on the US for strategic technologies.
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wiiw.ac.at
wiiw @wiiw.ac.at · 1h
Die EU-Länder, so auch 🇦🇹 , brauchen mehr öffentliche Investitionen, um ihre geopolitischen Ziele zu erreichen u. die lahmende Wirtschaft zu revitalisieren. Das geht auch, ohne das Budget zu belasten, wie unsere neue Studie zeigt. @diepressecom.bsky.social berichtet.
www.diepresse.com/20166648/ist...
Ist Sparen die richtige Antwort auf Österreichs Schuldenproblem?
Österreich muss sparen. Aber auch investieren, um etwa bei Digitalisierung, Energiewende und Sicherheit nicht zurückzufallen. Das Dilemma hat eine Lösung.
www.diepresse.com
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
The full study by @heimbergecon.bsky.social & Cara Dabrowski is available for download here. 9/9
wiiw.ac.at/achieving-ge...
Achieving geoeconomic goals by boosting the economy without raising the public debt ratio? New evidence on the effects of public investment in the European Union (publication)
Public investment can support geoeconomic policy goals by strengthening economic resilience through the creation of public assets and by fostering...
wiiw.ac.at
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wiiw @wiiw.ac.at · 5h
More fundamentally, it would make sense to generally exempt relevant investments from the EU's fiscal rules, the way it has been done with military spending, the authors argue. 8/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
So how can more public investment be financed within the framework of the EU's strict fiscal rules? For countries with limited fiscal space, one possibility is to increase national co-financing of EU funds, since such co-financing is excluded from EU fiscal calculations. 7/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
Especially since Europe’s export-oriented growth model no longer works in a world of increased geopolitical competition and protectionism - see Trump’s tariffs on all major trading partners. 6/9
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wiiw @wiiw.ac.at · 5h
Consequently, more public investment would be badly needed. Former ECB President Mario Draghi estimated the EU’s investment gap to be between €750 and €800 billion a year, or 4–5% of GDP. 5/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
In the 2010s, Europe’s economic growth was driven
largely by demand from foreign countries, against a backdrop of weak wage growth and restrained fiscal policy at home. Net investment (gross investment minus depreciation) therefore hovered close to zero for a couple of years. 4/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
Public investment of 1% of GDP has a positive macroeconomic effect on real GDP, the unemployment rate, the private investment ratio and the public debt ratio in the short to medium run. 3/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
The authors examined the effects of public investment across the 27 EU member states between 2000 and
2023. Public investment has a multiplier of around 1.5. In other words, if the state invests 1% of GDP, real economic output rises by 1.5%. 2/9
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wiiw.ac.at
wiiw @wiiw.ac.at · 5h
The 🇪🇺 needs public investment to achieve its geopolitical goals & revive its economy. Our new study by @heimbergecon.bsky.social & Cara Dabrowski finds that well-targeted public investment brings strong economic returns and can be financed through borrowing without destabilising budgets. 1/9
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Reposted by wiiw
heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7h
In a new paper, we provide fresh evidence on the macroeconomic effects of public investment in 27 EU member states. We find that public investment has favorable effects on output and unemployment; doesn't crowd out private investment; and doesn't jeopardise debt sustainability.
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wiiw.ac.at
wiiw @wiiw.ac.at · 1d
#Ukraine -Expertin Olga Pindyuk im HANDELSBLATT: „Die Kapitalverkehrskontrollen waren ein notwendiges Übel. Jetzt können sie aufgehoben u. so Investitionen für Unternehmen erleichtert werden." Sie sieht keine Gefahr einer Abhängigkeit d. 🇺🇦 vom IMF oder der EU. www.handelsblatt.com/finanzen/gel...
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wiiw.ac.at
wiiw @wiiw.ac.at · 1d
Our study with @wuvienna.bsky.social & OEAW on refugees in 🇦🇹 finds 32% experience serious mental health issues. Stressors: discrimination, being separated from family members. Supportive factors are language skills, employment, supportive relationships, secure housing. ➡️ www.mdpi.com/2076-0760/14...
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wiiw.ac.at
wiiw @wiiw.ac.at · 1d
Balkans expert @branim.bsky.social in t. Spanish newspaper @elmundoes.bsky.social on 🇲🇰’s prospects of joining the 🇪🇺: “North Macedoni’s chances are zero in the next 10 years. The formal requirements it must meet are unacceptable to a large majority of the population.”
www.elmundo.es/internaciona...
La travesía por el desierto (y con poca agua) de los seis aspirantes a la Unión Europea de los Balcanes Occidentales
Hace 22 años que la Unión Europea no suma un nuevo país miembro y eso sin contar al que perdió el 31 de enero de 2020, cuando Reino Unido bajó definitivamente del mástil la...
www.elmundo.es
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wiiw.ac.at
wiiw @wiiw.ac.at · 2d
Coming up on Wednesday, 8 October, at 13:00 Vienna time, @wiiw.ac.at: Lecture by Prof. @guntramwolff.bsky.social on European rearmament - Is it too little and too expensive, and is Europe too dependent on the US?
Please REGISTER here: ➡️ shorturl.at/q3TMy
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Reposted by wiiw
aies.at
Austrian Institute for European and Security Policy (AIES) @aies.at · 2d
Oct 1: #AIES, the Vienna School of International Studies & the @wiiw.ac.at hosted a discussion: "Africa's Impact on Europe's Future."

With Werner Fasslabend, Wolfgang Pusztai, Gerald Hainzl & Mario Holzner on Africa’s demographics, economy & geopolitics shaping Europe 🌍🤝

More info: t.ly/Qw_D8
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wiiw.ac.at
wiiw @wiiw.ac.at · 5d
Looking back at our Spring Seminar 2025 on Central Europe’s urban boom, rural decline, and Ukraine’s path to post-war recovery with keynotes by @rodriguez-pose.bsky.social (London School of Economics) and Alexandra Sandu (Cardiff University). wiiw.ac.at/n-693.html
Central Europe’s urban boom, rural decline, and Ukraine’s path to post-war recovery (news article)
At wiiw’s 2025 Spring Seminar, experts delved into the challenges and opportunities for regional development in Central, East and...
wiiw.ac.at
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wiiw @wiiw.ac.at · 5d
"Die Sanktionen haben Russlands Außenhandel auf den Kopf gestellt - China profitiert wirtschaftlich und geopolitisch am meisten", so Russland-Experte Vasily Astrov in den @sn.at. 🇨🇳 hat die 🇪🇺 als wichtigsten Handelspartner Russlands ersetzt - eine gefährliche Abhängigkeit für Moskau.
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wiiw.ac.at
wiiw @wiiw.ac.at · 5d
🇨🇿 starts voting today. Opposition leader Andrej Babis, who is looking to return as prime minister, is promising people will have more cash to spend, businesses will pay less in tax, spending on infrastructure will increase. Check out our assessment of Czechia's economy.
wiiw.ac.at/czechia-over...
Czechia
The Czech economy continued its recovery in Q1 2025, with GDP expanding by 0.8% quarter on quarter and by 2.2% year on year. Growth was driven...
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wiiw @wiiw.ac.at · 6d
🇷🇺 ’s dependence on 🇨🇳 is risky for Moscow: China cannot take the place of the West in all areas. Chinese FDI in Russia remains extremely low. Its high dependence on 🇨🇳 makes it vulnerable to Chinese pressure. 2/2
Read the full analysis by Vasily Astrov:
wiiw.ac.at/russia-is-sh...
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wiiw.ac.at
wiiw @wiiw.ac.at · 6d
Russia’s foreign trade is undergoing a profound shift, with #China replacing the #EU as #Russia’s main trading partner. Russia’s goods exports to the EU collapsed from around 50% before 2022 to only 8% by mid-2025. 1/2
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wiiw.ac.at
wiiw @wiiw.ac.at · 6d
🎧 Wie stark ist Russland, das gerade die Nato testet, wirklich?

In Folge 26 des Podcasts von @diepressecom.bsky.social bespricht 🇷🇺-Experte Vasily Astrov mit Brigadier Berthold Sandtner (#Bundesheer) die ökonomischen u. militärischen Möglichkeiten Moskaus.
🎧 ➡️ www.diepresse.com/20156411/26-...
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Reposted by wiiw
wiiw.ac.at
wiiw @wiiw.ac.at · 9d
Coming up on Wednesday, 1 Oct., 14:00 CET:
How big is the EU's geoeconomic influence in its neighbourhood?
Launch of the Geoeconomic Interconnectivity Index (geoii.eu) by @wiiw.ac.at, @bst-europe.bsky.social & ECIPE, with Richard Grieveson & Daniela Schwarzer.
REGISTER here: ➡️ shorturl.at/u2Clq
The Geoeconomic Interconnectivity Index
Geoeconomic Interconnectivity Index analyzes evolving trade/investment ties between EU, US, China, Russia 2010-2023 #geoeconomics
geoii.eu
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wiiw.ac.at
wiiw @wiiw.ac.at · 9d
Könnte 🇭🇺 kurzfristig auf Öl aus 🇷🇺 verzichten? „Die Kapazitäten der Adria-Pipeline allein würden reichen, um die ungarische Nachfrage zu decken“, so #Ungarn - Experte Ioannis Gutzianas im @kurier.at.web.brid.gy. Aber: Es fehle den Raffinerien an Kapazitäten, das andersartige Öl zu verarbeiten.
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