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Summary by Die Presse
For the eighth quarter in a row, Austria's economy is in stagnation or contraction. The Wifo boss criticizes the fact that “there is no investment in this country.”

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Die PresseDie Presse

Wifo boss Felbermayr: Longest recessive phase in the post-war period

For the eighth quarter in a row, Austria's economy is in stagnation or contraction. The Wifo boss criticizes the fact that “there is no investment in this country.”

·Vienna, Austria
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The Weather ChannelThe Weather Channel

The Weather ChannelSearchGlobeArrow downArrow DownArrow DownArrow DownArrow DownArrow DownExternal LinkExternal LinkExternal LinkExternal LinkExternal LinkRainArrow LeftArrow RightVideoArrow downExternal LinkRainRainWindArrow UpRainRainWindHumidityUV Leve

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SALZBURG24SALZBURG24

Wifo chief sees longest recessionary phase in post-war period

Wifo head Gabriel Felbermayr speaks of the "longest recessionary phase since the Second World War" in Austria. The domestic economy has failed to pick up momentum for the eighth quarter in a row.

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