2023-11-15 06:45:36
The looming recession doesn’t seem to worry Turquoise/Green!
Vienna (OTS) – The economy is sick and suffering from the “inaction virus” of the turquoise/green government. “Apparently people there have already gone into hibernation; there is no other way to judge the government’s refusal to work in the face of the urgent concerns of the economy,” said Reinhard Langthaler, Secretary General of the Freedom Economy (FW).
“Turquoise/Green has probably put all its energy into such important issues as “gender” and “redistribution” and now no longer has the strength to tackle the current economic challenges with the necessary determination and flexibility. This inaction by those responsible will lead us directly into a recession in 2024,” was the Secretary General’s criticism.
Langthaler said: “The inflexible bureaucratic structures and the lack of investment incentives represent a significant burden on the Austrian economy. What is particularly regrettable is the lack of a clear commitment from the government to withdraw the KIM regulation. This has a significant impact on the population and all sectors of the economy. It has severely restricted, even made impossible, the flexibility and scope of action of credit institutions. Instead of the hoped-for growth, this not only brought the economy to a standstill, but even caused it to regress!”
The Secretary General of the Freedom Economy therefore appeals to the government to follow its own speed and determination when introducing regulations during the Corona crisis. “If the government would act as quickly to address the economic problems as it did with the “corona measures” during the crisis, then the economy would already be on the rise once more,” said Langthaler.
It is high time that the government finally takes the urgent needs of the economy seriously and takes concrete measures to promote investment, reduce bureaucracy and get the economy moving once more. “The Freedom Economy is ready to work together on solutions that can strengthen our economy and offer our citizens prosperity and opportunities for the future,” concluded Langthaler.
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