Austria in the inflation: black-red traffic lights ensure worries!

Austria in the inflation: black-red traffic lights ensure worries!

Laimgrubengasse 10, 1060 Wien, Österreich - The economic situation in Austria is heading for while the euro upgrades. According to the

increasing inflation as a dangerous signal

like Springer , the combination of inflation and exploding state debt is particularly questionable. In the case of inflation that hits many countries, it is important to maintain price stability. Petschnig refers to the worrying development of the savings rate - it has increased from eight to twelve percent, while people are increasingly fearing for their financial future. Medium -sized companies are not spared; He faces increasing costs and interest that not only mean the loss of purchasing power, but also endanger the competitiveness of the domestic economy.

At a time when a clear strategy for fighting inflation and solid budget policy is urgently needed, the current government presents itself as unable to take appropriate significant measures. "Otherwise Austria gets caught in a vicious circle of rising costs and decreasing options," says Petschnig, who is forced to rethink in economic policy. The challenges remain great and the response from politics is on the brink.