Austria is now entering a new phase in combating the economic consequences. “The aid programs and short-time work have proven to be the right instruments in crisis management. Now we will again focus more on tax relief and on the other hand on a strong location policy that creates more jobs. We have good prerequisites for Austria to gain strength from this Crisis emerges. The focus continues to be on reducing the number of unemployed and relieving the burden on people, “said the Chancellor.
At the end of the second quarter of 2021 and at the start of summer, Austria recorded an extremely strong economic development, as current figures from Wifo and AMS from this week show. Both in terms of GDP and employment, Austria has already reached the level before the outbreak of the corona pandemic. With economic growth of four percent for this year, growth of five percent is expected for the coming year. Compared to other EU countries, Austria is recovering faster and better.
“In key figures, Austria is developing better and faster than expected. The economy is jolting and more and more people are back in employment. After many months of closed economic sectors and high unemployment, this is a very positive situation and development”, said In short, who still sees lowering unemployment as a top priority.
