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Austria: Most Risks Do not Come from Eurozone

Published: July 17, 2013; 14:42 · (Vindobona)

The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.

Austria: Most Risks Do not Come from Eurozone / Picture: © Flickr

“There undoubtedly remain some risks brought about by political developments in the Eurozone, such as the implementation of the proposed banking union. As the need for severely restrictive fiscal policies recedes, however, the situation will ease. The structural deficit is likely to be around 1.5 per cent, even as early as 2013, which is close to the 0.5 per cent target. This means…

This article includes a total of 479 words.

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