Challenges in Economic Policy. Video: WIFO Director Christoph Badelt at "WU matters. WU talks."

Markus Kiesenhofer

31.03.2021

Challenges in Economic Policy

Video: WIFO Director Christoph Badelt at "WU matters. WU talks."

As part of "WU matters. WU talks." Christoph Badelt discussed the economic upheavals of the COVID-19 crisis on the one hand and outlined fundamental challenges for the Austrian economy which, he said, were being overlooked in the current social discourse on the other.

The COVID-19 crisis has led the Austrian economy into the worst recession since World War II. To counter the economic and social consequences, a package was put together that is unique in terms of the financial resources expended and the range of beneficiaries. But is it enough?

According to Christoph Badelt economic policy will not only be able to deal with repairing the damage caused by the COVID-19 crisis. "It will also have to address a number of fundamental problems of the Austrian economy were masked for months by the COVID-19 pandemic and whose solution was postponed to the future", said Badelt in the discussion "WU matters. WU talks." on 24 March 2021.

In his WIFO Report on Austria titled "Austria's Economic Policy in the Time of COVID-19 and Beyond. An Assessment at the Turn of the Year 2020-21" Badelt outlined the main challenges besides fighting pandemic.