Tyrolean economic councilor Mario Gerber comments on the US elections and the government crisis in the large neighboring country. The latter is of great concern to the politician. With Donald Trump’s victory, Gerber sees ‘calm returning’.
The Republicans and former President Donald Trump clearly won the presidential elections in the US. The predicted head-to-head race with Kamala Harris did not materialize. When asked about the impact on the Tyrolean business location, the responsible State Councilor Mario Gerber (ÖVP) said that “the USA is a future market for tourism in this country. Donald Trump’s victory is a democratic result that must be respected. In my opinion, peace and stability should now return. I don’t see any negative impact on our tourism at the moment.”
No negative effects in other sectors either
Trump’s second term is also unlikely to have a bad impact on other sectors of the economy. “The US is also a trading partner for Tyrol, but to a ‘negligible’ extent.” It is of course important that the EU as a whole seeks diplomatic talks with the new US administration and nips any trade wars in the bud in advance. According to the Council of State, economic growth in the US is 2.9 percent.
Germany’s big problem child
The politician is much more concerned about the government crisis in Germany. “The traffic light coalition is dead,” says Gerber, “we now need a stable government as quickly as possible.” Unlike the US, Germany is the most important trading partner for Tyrol. Every second guest in tourism also comes from there. “A crisis is never good, because then tourists sometimes stay at home.”
“Otherwise we won’t be able to do business anymore”
But Gerber is not just calling for a stable German government. “The industry also needs incentives so that the German economy can grow again. Otherwise we will end up in a downward spiral that will also affect Tyrol.”
Finally, the politician also calls for a ‘reform government’ for Austria and for unit labor costs to fall. “Otherwise we can no longer operate competitively.”
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.
