Austria's industry between stagnation and upswing: what to do?

Austria's industry between stagnation and upswing: what to do?

Vienna, Österreich - The Industrial Association (IV) urgently warned of the urgent challenges that the Austrian industry plagues. IV President Georg Knill made it clear that the competitiveness of the Austria was suffering considerably and noticed: "We no longer take part in world growth." The precarious costs for work, energy and bureaucracy have pushed the location out of the market, which, according to Knill, is also due to a lack of understanding on the part of politics. This has often acted in protected markets and therefore knows the challenges of the market economy little, such as Vol.at

The IV sees acute need for action. "We will not get out of stagnation without structural changes, industrial reforms," emphasizes Knill. The need to form a government that can intervene quickly to increase competitiveness is essential. Current developments indicate de -industrialization; Investments will be reduced, orders are missing, and unemployment in the manufacturing sector will continue to increase in 2025, such as nicht-EMER-MEDE"> reports. Knill emphasizes that industry is not only crucial for added value in Austria, but also for securing the welfare state.

urgent reforms required

The IV calls for a number of reforms, including premature depreciation, to make investments more attractive, and needs the support of politics. "We need entrepreneurial and economic freedom paired with stable framework conditions," Knill demands vigorously. In order to create work incentives, the labor market reform urgently need to be promoted, a measure that has met with resistance under the previous government. It remains to be seen whether the planned reforms can be implemented in good time in order to cope with the serious challenges in front of which the industry is facing.