"Growth" too small

Stagnation feared for Tyrol’s economy

The companies surveyed in both the construction and retail sectors are not planning any further recruitment. In general, 23% of companies consider the situation to be good.(Bild: Birbaumer Christof)

At the economic summit at the beginning of the week, representatives of Tyrolean politics and business looked to the future with concern. The "Krone" asked what the growth forecast looks like and provides further figures.

"There is a huge crisis in the Tyrolean economy", was the headline in the "Krone" recently after the economic summit of the Chamber of Commerce and the provincial government. This revealed that the local economy is currently being viewed with concern. But what does the current forecast actually look like? "I expect economic growth of 0.3 to 1.0 percent," says Stefan Garbislander, Head of Economic Policy, Innovation and Sustainability at the WK Tirol.