“We are currently witnessing a twofold shock,” says Finance Minister Brunner

Everyone now acknowledges that rising costs are not going away anytime soon. This is also one of the statements Austria’s finance minister brought back from the World Bank and the International Monetary Fund’s spring meeting in Washington: “The current crisis situation is affecting Europe more severely than other regions, and we are currently experiencing a twofold shock,” says Magnus Brunner. “The war in Ukraine has hampered growth and economic progress since the Covid crisis.”

By Editor

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