More Consumers in Austria Turning to Credit as Borrowing Grows
Young people aged 14 to 29 are the keenest to spend, with 51% planning major purchases over the next 12 months.
EU Drops Action Against Austria After FPÖ-ÖVP Austerity Plan
The decision comes after the FPÖ and the ÖVP unveiled their €6.4 billion cost-cutting budget consolidation plan.
Austria’s Economic Decline: What Can Be Done to Stop It?
As the Austrian economy continues to struggle and businesses consider relocating, The International asks what strategies could be implemented to revitalise it.
Austrian Industry, Labour and Health Groups Call for Reforms
The Federation of Austrian Industry, Chamber of Labour, and League for Child and Youth Health say that Austria needs far-reaching change.
Austria’s Economy Shrinks as Construction and Retail Decline
Austria’s economy shrank more sharply than expected in 2023, with the construction industry and retail sector showing the largest declines.
Austria to Break EU Budget Rules, Think Tank Predicts
The Institute of Advanced Studies predicts that Austria’s government deficit will reach 3.0% of gross domestic product (GDP) in 2024, exceeding the official EU threshold.