Image: dpa/Christin Klose
So far, Wifo has assumed economic growth of 0.9 percent this year. That shouldn’t happen, but at least the economy won’t shrink, said the Wifo boss. “It looks as if we will have to revise it downwards, but there should still be some growth,” said Felbermayr. Even for Germany, which is “even more severely affected than Austria,” the German government is predicting growth of 0.2 percent. “We will probably settle between this minimum value and what we had in December.”
- Also read: Energy transition: “If you don’t invest now, it’s your own fault” (OÖNplus)
Felbermayr has hopes for the government’s construction package
But since the population is growing, per capita income is shrinking with GDP growth of 0.2 percent. “This is certainly not good for the people in the country and for the economy as a whole.” Felbermayr has hopes for the government’s construction package and would like to see a reduction in non-wage labor costs. We should “take the pressure off” when it comes to network charges as a price driver for electricity costs.
more from economics
