Austria: Economic Outlook Remains Cautious

Politics ♦ Published: February 25, 2013; 19:44 ♦ (Vindobona)

Although Austria´s economy suffers from a number of major defects, the performance is still better than in the Eurozone.

Austria: Economic Outlook Remains Cautious / Picture: © WIFO Wirtschaftsforschungsinstitut

According to WIFO (Austrian Institute of Economic Research), the high tax quota, the shortcoming education system and the financial stability of the municipalities are the most important weaknesses. The ratio of government has exceeded 50% of GDP, WIFO´s director Karl Aiginger says. The economist argues that Germany´s ratio of government comes at 45% of GDP. As 25% of the pupils…

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