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Austria's Industry and Economy under Pressure: Economic Experts Discuss Solutions
The situation in Austrian industry has deteriorated continuously since mid-2021. The Federation of Austrian Industries (IV) is now issuing an urgent warning about the consequences of this development. “Industry is in a bleak situation,” explained IV chief economist Christian Helmenstein. There is no sign of a recovery shortly, which is seriously jeopardizing the competitiveness of the location and the prosperity of the country.

The latest results of the IV economic survey for the fourth quarter of 2024 paint an alarming picture: 417 industrial companies surveyed with a total of around 310,400 employees report a negative development across the board. It is particularly striking that the assessment of the current business situation has failed to improve for the 14th consecutive quarter - a historically…
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