Austria's economy in the constant crisis: Standstillstilste despite record editions!

Austria's economy in the constant crisis: Standstillstilste despite record editions!

In the middle of an economic doldrum, Austria is faced with alarming data. According to APAOTS decreased by troubling 1.1 %. The decline in investment volume is particularly worrying by 2.1 %, which indicates an outflow of capital and endangers the prosperity of citizens. Dr. Barbara Kolm, FPÖ economic spokeswoman, criticized the current government, which, with its measures, was unable to carry out the urgent reforms that would be urgently necessary to recover the economy. The stagnant working hours, the high inflation and the increase in per capita debt further tighten the already critical situation.

public finances in focus

In addition, the current cash statistics of the Statistical Federal Office what the structured financial situation of public budgets looks like. The report provides insights into income and expenses, some of which have to be realized for covering financing through loans or reserves. While public consumption has a slight increase in 1.6 %, private consumption stagnates, since many Austrians have hardly any money to spend due to the high cost of living. This misery allows the skepticism to the new government, which despite high expenses and subsidies is unable to boost the economy.

The FPÖ therefore calls for a radical change: less state, more freedom for entrepreneurship and a drastic reduction in government spending. "Without real reforms and incentives, Austria becomes even more unattractive for investors," warns Dr. Kolm. The dangerous mix of political standstill, currency inflation and recession could seriously endanger the future of the population if measures to stabilize are not taken soon.