Only one industrialized country in recession this year according to the IMF forecast: Austria

Yep, that’s us. Surprise:

Record-high government spending, record-high budget deficit with record-high government revenue - and the only industrialized country whose economic output will continue to shrink this year. An economy that is collapsing under the enormous tax burden and unchecked regulatory frenzy. We need less government, fewer taxes and more entrepreneurial freedom. Otherwise it won't work.

#economics #politics #austria