Economy at a standstill: Experts look pessimistic about the future
Economy at a standstill: Experts look pessimistic about the future
In a current business breakfast, which recently took place in Raiffeisen Landesbank in Klagenfurt, Gunter Deuber, the chief analyst of Raiffeisen Research, made some clear statements about the current economic situation in Austria. According to his statements, the domestic economy will only be attracted again in about two years. Deutber was concerned about the behavior of consumers who, despite the difficulties of emerging, tend to save their money.
The event that took place in a stormy atmosphere began on October 16 with a commercial in which the famous skier Hermann Maier climbs a summit in the winter weather. In his analysis, Deuber underlined the challenges that the Austrian economy faces. "We are in an industrialization, even the USA is slightly recessive," he said. This assessment is underpinned by the stagnant trade relationships worldwide, which are severely impaired by the Ukraine conflict.
economic challenges and opportunities
Manfred Wilhelmer, spokesman for the CEO of Raiffeisen Landesbank Carinthia, could not promote a positive mood, but noted that economic growth could also be observed in neighboring countries such as Slovenia. Wilhelmer emphasized that measures such as a reduction in non -wage costs and less bureaucracy could be decisive in order to boost the battered economy in Austria.
The concerns of Deuber about falling private consumption are not unfounded, because he realizes that the citizens tend to hold back money and prevent them in economically insecure times. This "bunker mentality" among the Austrian people could ensure that the economic recovery is slower than hoped.
forecasts for the future
The expectations for the near future are steamed. "We will only see a positive trend at the earliest next year," said Deuber. The economic support on the part of the state is essential for the upcoming growth, even if it is not about lifting wages even further. In view of decreasing productivity, this could otherwise lead to further complications in economic dynamics.
In summary, it can be said that while in some neighboring countries progress is made, the Austrian economy still faces significant challenges. It remains to be seen whether the recommended measures and political interventions will be successful, but the signals for a quick return to previous successes are still anything but positive. More about the economic developments and forecasts can be found in a detailed report www.meinbezirk.at can be read.
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