Mitterlehner: „No Economic Stimulus Package“

People ♦ Published: October 4, 2012; 22:13 ♦ (Vindobona)

Austria´s Minister of Economics rejects another stimulus package for the Austrian industrial sector. The budgetary situation would not allow that, he says.

Mitterlehner: „No Economic Stimulus Package“ / Picture: © ÖVP Bundespartei / Jacob Glaser

In 2012, Austrian economic research institutes expect the Austrian economy to record decent growth rates. GDP should grow by 0.8%, IHS says. WIFO´s forecast is a 0.6% growth rate this year. Both institutes say that the economy only grew in the first half of 2012. The director of IHS Christian Keuschnigg explains that the Austrian economy will stagnate in the second half of 2012.…