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The federal government had extinguished the great conflagration with the help of the Crown, now it is a matter of which the country suffers regional damage. As an economist and director of the Institute for Higher Studies (IHS), Martin Kocher advised the Lower Austrian People’s Party during his retirement from work. On Friday, Governor Johanna Mikl-Leitner presented a € 229 million economic stimulus package in Wiener Neustadt, which is expected to trigger investments of € 450 million in Lower Austria this year and next.
The seriousness of the economic situation after the closure and before the next tough restrictions next week was demonstrated by the fact that, following a withdrawal from the club, consultants such as Kocher or the president of the Chamber of Commerce of Lower Austria, Wolfgang Ecker, in the talk with the media in addition to the ÖVP Standing at the top of the podium.
Beginning of a crucial phase
While, according to Mikl-Leitner, an economic decline of 7.3 percent is expected in Austria due to the crown, Lower Austria should be less affected with less than 6.6 percent. “However, we are at the beginning of a decisive phase. The question is how well we can overcome the pandemic and handle this health crisis in the state, ”said the governor.
The stimulus package serves to cushion an even bigger downturn in the economy. “The Chamber of Commerce is involved in all the measures that come to our companies. Every euro that goes to stimulate the economy and unleash innovation or investment generates a multiple of the money invested, ”says Ecker.
