High inflation, rising energy prices, gloomy forecasts for economic growth – times were better in Austria. But is it better elsewhere? Krone+ looked at how well we are actually doing in Austria. And achieves surprising results.
Inflation still does not want to fall as desired and remains at 3.3 percent. Furthermore, the European Commission predicts an expected increase in economic output of 0.3 percent for Austria this year. Only 0.3 percent! This means that Austria – like Germany – is one of the worst performing countries in the eurozone. One reason for this is the persistently weak order situation in the manufacturing and construction sectors. Things are also looking better outside Europe than in the Alpine Republic: China expects growth of 4.6 percent, the US around three percent. In India, real gross domestic product even grew by 7.8 percent in the first quarter of 2024. Nevertheless, as an Austrian you are in the wrong position to complain loudly.
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.
