« Austria is stuck in the past » – Diepresse.com
Permanent recession, budget -hole, inflation: Austria’s economy is fighting with many problems. But what masters the headlines in this country is far from the biggest challenge for Austria from a foreign perspective.
Bad news for Austria’s economy every week. Only revised economic researchers their growth forecasts for domestic economic output (GDP) downward. The third year of recession in a row is probably no longer excluded, it said. The following week the Statistics Austria announced that the domestic budget deficit in 2024 was 4.7 percent of GDP and thus exceeded even the most pessimistic forecasts. This Wednesday, Donald Trump, President of the United States and thus the second most important sales market for domestic exporters, imposed high tariffs on European import – which not only likes a new recession in 2025. The Ihs For example, GDP expects to shrink by 0.4 percent this year.
Recession, high wages, overstretched state finances: the economic difficulties recently determine public debates in the country. But how does abroad actually look at Austria?
