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Economic Crisis
Austrian Government Plans Deficit of EUR 22.6 Billion
Due to the ongoing Covid-19 pandemic and the resulting economic crisis, the Austrian government has agreed on a budget that plans with a deficit of EUR 22.6 billion for next year. Estimated lower revenues due to the weak economy on the one side face higher expenditures because of the subsidies for various businesses on the other.
November 20, 2020
Eurochambres President Demands Rapid Measures for Businesses
At the presentation of the 28th Eurochambres Economic Survey, President of the Association for European Chambers of Commerce Leitl demands "immediate help" for businesses affected by the Covid-19 pandemic. According to him, the survey results show sharp declines in many economic indicators.
November 11, 2020
Austrian National Bank: Exports Increase Again
Exports, excluding tourism, were above the comparable figures from 2019 for the first time in Austria since the outbreak of the Covid-19 crisis. The Austrian National Bank is confident that a second wave can be contained and that no further monetary or fiscal policy measures are needed.
October 21, 2020
World Statistics Day 2020: New Economic Monitor Shows Austria's Economic Development
Statistics Austria has introduced a new economic monitor which shows Austria's economic development over time. Data is updated biweekly and will include more than 80 economic indicators across different sectors and industries. In addition to this monitor, Statistics Austria provides a Covid-19 data collection which focuses also on population, health and education.
October 19, 2020
Austrian Economy Slumped by 12.1% in Q2 2020
The newly published report by Statistics Austria shows a massive economic slump in the second quarter of 2020. Austria's GDP declined by more than 12 percent compared to the second quarter of 2019 while expectations for the last two quarters of the year are not much better.
September 28, 2020
European Commission Approves Further EUR 4 Billion for Austrian Companies
Further EUR 4 billion intended to help Austrian companies sustain the Covid-19 crisis were approved by the European Commission. Grants and guarantees of up to EUR 800,000 per company can be given out in cases of hardship and danger of bankruptcy.
September 22, 2020
Kurz: "There is light at the end of the tunnel"
Today, Chancellor Kurz was holding a State of the Union Address and talked about the Coronavirus, special vacation for parents and a "pact against isolation". According to him, the next summer will be normal again. However, the time until then will be challenging.
August 28, 2020
Kurz is Giving a Speech with 3 Major Topics
On Friday, Chancellor Kurz is giving a speech concerning the current situation in Austria and the planned political content of the following months. The three major topics are economy and labour, digitization and education as well as social cohesion and civil society involvement.
August 26, 2020
Serbia: Fight against Unemployment Key Aim of Government
Serbia's Government aims to cut down unemployment to below 20 percent and tries to attract new investors.
July 9, 2013
GDP Growth below Expectations in Q2
The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.
September 16, 2011
Austrian Labor Market Relatively Stable during Crisis
A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
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