Wifo -Baas Gabriel Felbermayr suspects 25 billion euros in consolidation needs over the next five years. That is why it is a plan for the entire legislative period.
A double budget for the 2025 and 2026 is not enough in this respect, a plan for the entire government period is needed, Felbermayr said in the Ö1 “Lunch Journal” on Monday.
Work course on economics on Tuesday
On Tuesday, the company of cases will be discussed with a government of the government, in which the economist is also invited.
Another recession year possible
In 2025, the Triple Coalition is planning to save 6.3 billion euros, 2026 8.7 billion euros. At the same time, however, according to Felbermayr, economic cancellation measures are also needed. 2025 could be a year of recession. You must explain how you want to improve the location in the coming years. “With better prospects, it must also be possible that more will be reinvested,” said the economist. He wondered whether projects such as maintaining elements of the abolished educational leave.
“It remains sideways”
The OECD reduced the growth ear spelling for the eurozone for 2025 on Monday from 1.3 to 1.0 percent. It is “continued sideways,” said Felbermayr. There is only a noticeable revival with growth rates of 2 to 2.5 percent. New economic predictions for the 2025 and 2026 in Austria publish the WiFo Economic Research Institute and the Institute for Higher Studies
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.
