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Real Wage Loss in Austria This Year Significantly Above EU Average
Lifestyle & Travel ♦
Published: August 10, 2022; 08:07 ♦ (Vindobona)

Austria will have to reckon with heavy losses in real wages in the future. This was the result of a recently published analysis, which predicted that Austria would occupy one of the weakest positions in the EU. Read on if you want to know how much money will be left over from your income in the future.

The European economy is sliding from one crisis to another. In 2021, the outbreak of the Covid-19 pandemic caused a historic economic slump. Just as the situation seemed to be easing and the economy was beginning to recover, with even strong growth forecasts, the bad news came - Russia's war of aggression in Ukraine.
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