Economic Evaluation of the Measures Presented in the Government Conference on 16 June 2020
As a reaction to the economic upheavals caused by the COVID-19 pandemic, the federal government proposed in its government meeting in mid-June 2020 further support for the coming years in addition to the aid measures already decided upon. The study, which was prepared in cooperation by WIFO, IHS and EcoAustria, examines major parts of the package of rescue, support and economic stimulus measures presented at the meeting, with a budget volume of 10.3 billion €. The estimated value added effects amount to +0.7 percent in 2020 and +0.8 percent in 2021, the unemployment rate will be reduced by 0.4 (2020) and 0.7 percentage points (2021). Due to the special circumstances, existing behavioural uncertainties are difficult to capture in the analysis. Without these and numerous other measures, however, there would undoubtedly have been numerous insolvencies and an even greater increase in unemployment. Without these measures, the above-mentioned value-added effects would not have been zero, but in any case strongly negative.