From the fast lane to the crawling lane: the economic downturn in our most important trading partner has many causes. The many problems in Germany as a business location do not go unnoticed in our industry; the mutual dependence is too great for that.
Our northern neighbor is by far our most important economic partner: 30 percent of Austrian exports go to Germany. Many local companies are suppliers to companies in Bavaria, North Rhine-Westphalia or Baden-Württemberg. The stock of German direct investments in Austria amounts to 56.6 billion euros, 9,000 companies have branches here. We are also considered the number one holiday destination for travelers from Hamburg to Munich.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
