Austria: Kapsch Delivers Warning to Policy-Makers

People ♦ Published: December 27, 2013; 14:37 ♦ (Vindobona)

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.

Austria: Kapsch Delivers Warning to Policy-Makers / Picture: © IV / Günther Peroutka

According to IV, economic growth in Austria is “still extremely volatile”. Georg Kapsch, President of IV, stresses that the estimated growth of 1.7 percent by several research institutes is the maximum growth rate from the federation’s point of view. He regards the government program not to be “a great accomplishment”.

“From what I know from discussions with…

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