Although Austria enjoys solid economic freedom and a strong rule of law, a shift to the far right could create policymaking instability. Whilst unemployment is relatively low and inflation is falling, the economy is set for a marked slowdown in the short term. Discretionary spending capacity is high, particularly given that wealth is concentrated in older age groups, but urbanisation is slower than peers. Austria is making strides in e-commerce and e-governance, but digital skills are lacking.
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