Austria Threatened by Second Recession

Austria Threatened by Second Recession / Picture: © Flickr

Together with the economist Monika Merz-Gehring, ÖGB´s chairman Erich Foglar presented an economic outlook for Austria. The economist and ÖGB are rather pessimistic: Austria faces another recession, Merz-Gehring and Foglar say. Foglar: “With a number of austerity cuts, the recession was implemented very professionally.” According to ÖGB´s chairman, the European governments have…