Study on „Economic Freedom“: Austria Falls

Politics ♦ Published: January 13, 2012; 13:57 ♦ (Vindobona)

In the global ranking of the U.S. “Heritage foundation”, Austria only occupies rank 28. The government would not introduce enough reforms, bureaucracy would be too high.

Study on „Economic Freedom“: Austria Falls / Picture: ©

Although Austria is still one of those few countries holding an “AAA” rating, a study on economic freedom shows that Austria´s backlog became larger last year. In 2010, Austria occupied rank 21 and now fell to rank 28. According to the liberal U.S. think-tank “Heritage Foundation”, the Austrian economy suffers a high public budget deficit and a lack in economic reforms. As a…