Austria: Reform Steps Very Modest

Politics ♦ Published: March 20, 2014; 12:05 ♦ (Vindobona)

Austria, along with Germany and Switzerland, hardly put any economic reforms into realization. This is the conclusion of the annual “reform barometer” for the three countries.

Reform zeal in Austria was “at the limits of perception” last year. / Picture: ©

The index for both Austria and Germany only increased by 0.6 percent while in Switzerland it even declined by 0.1 percent. However, with 116.3 points Switzerland is still ahead of Austria (114.8 points) and Germany (112 points). The so-called “reform barometer” has been developed annually by the Austrian Chamber of Commerce (WKO), the liberal Swiss think tank Avenir Suisse and the…