Whether in the coffee house or in the shopping streets, not only Vienna’s inner city is bustling with people. But how does that square with laments about inflation? The “Krone” asked around and also asked a psychologist.
The shopping centers celebrate visitor records, events such as the Steirertage on Vienna’s Rathausplatz or the “Mailüfterl” in Stammersdorf are downright stormed. Consumerism seems great. So where is inflation making itself felt? We asked Wifo expert Markus Scheiblecker: “The savings rate has risen sharply during the Corona period. 2023 is the first normal year.”
Although times are still uncertain due to inflation and the like, the labor market and general mood have improved. “When you go out, you just drink one less beer,” says the expert.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
