“Austria Becomes More Vulnerable to Recessions“

BusinessEconomy ♦ Published: January 29, 2013; 23:37 ♦ (Vindobona)

Christoph Neumayer, secretary general of the Federation of Austrian Industries (IV), argues that the low investments may cause a recession.

“Austria Becomes More Vulnerable to Recessions“ / Picture: © Vindobona.org

At the moment, there are first signs of a recovery. Although many European countries record negative growth rates, Austria is not affected, Neumayer explains. This year, Austria´s GDP is expected to grow by 1.0%. In the next years, the growth rate will accelerate, economists say. In 2016, the economic growth rate may reach 2.0%. In future, Austria will have to accept lower economic…