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Austrian Economy to Stagnate Until Summer
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The Federation of Austrian Industries (IV) does not see signs for another recession. In summer, industrialists are optimistic that economic growth accelerates.
Austrian Economy to Stagnate Until Summer / Picture: © Vindobona.org
“There is no need to talk about a second crisis. After an economically cool winter, economic growth will accelerate in summer.”, says Rudolf Zrost from IV Salzburg. Zrost calls the government to begin with structural actions and to cut public spending. New taxes must be avoided, says the industrialist. “We now have to reduce public expenses. There is savings potential of €…
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