Austria's industry in a descent: 9.5% decline! What now?

Austria's industry in a descent: 9.5% decline! What now?

The government is under pressure in Austria: The current negotiations between the SPÖ under Andreas Babler, the ÖVP and the Neos show that reality is brutally striking. As the Krone , the Austrian industry suffers from an alarming dein industrialization with a decline of 9.5 percent between December 2023 and December 2024. This not only represents a challenge for the economy, but also reflects the profound economic decline in the country. In view of the new budget numbers, the government negotiators of the ÖVP, SPÖ and NEOS have to deal with a huge need for consolidation of between 12 and 15 billion euros by 2028, such as the

Future decisions are on

This week is planned for the crucial meetings of the control groups, in which Nehammer, Babler and Neos boss Beate Meinl-Reisinger will talk about different scenarios. The Chancellor will be at the EU summit on Thursday, but the meetings on Tuesday and Wednesday could already bring the first course for the coming months. Disputed points such as the NEOS proposal for the integration of the governors and the paths to a balanced budget are up for discussion. The intended clear course could bring the government to both pressure and urgently needed clarity in order to better manage the current challenges.

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