A double budget for the years 2025 and 2026 is not sufficient in this regard; a plan for the entire government period is needed, he stated in the Ö1 "Midday Journal" on Monday. On Tuesday, during a government working retreat, where the economist is also invited, the topic of the economy will be discussed.

Three-Party Coalition Aims to Save 6.3 Billion Euros in 2025

In 2025, the three-party coalition aims to save 6.3 billion euros, and 8.7 billion euros in 2026. At the same time, economic stimulus measures are also needed, according to Felbermayr. After all, 2025 could be another recession year. Therefore, it is necessary to explain now how the location will be improved in the coming years. "With better prospects, it should then also be possible for more investments to be made again," said the economist. He questioned whether projects like maintaining elements of the abolished educational leave will be affordable.

The OECD lowered the growth forecast for the Eurozone for 2025 from 1.3 to 1.0 percent on Monday. It is "continuing sideways," said Felbermayr. A noticeable upswing only occurs with growth rates of 2 to 2.5 percent. New economic forecasts for the years 2025 and 2026 in Austria will be published by the Economic Research Institute Wifo and the Institute for Advanced Studies (IHS) at the end of March.

(APA/Red)

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