Macroeconomic effects of demographic aging in Italy. Bertelsmann Stiftung Country Sheet, December 2019

According to projections, the working-age population in Austria is going to age in the next 30 years, but is expected to shrink only slightly starting in the mid-/ late- 2020s. The expected decline is by about 2% between 2018 and 2050 (see Fig. 1). This overview shows how demographic aging (the scenario “projected population”) in Austria until 2050 will affect key macroeconomic indicators, compared to a scenario in which the population remains constant at the level of 2018 (the baseline “constant population (2018)”)