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Most Austrians pessimistic about economic outlook: survey
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09:04, December 05, 2008

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A survey released Thursday showed that almost 80 percent of Austrian people are pessimistic about the economic prospect in 2009.

Some 23 percent of the respondents predicted the country's economic situation would continue to worsen in 2009, said the latest survey by Austrian economic research institute Ernst & Young.

About 56 percent hoped that the economy will remain moribund in the coming year.

The survey also found that about 18 percent have started to worry about their job positions, especially those with lower income and more children. In the capital Vienna, some 22 percent are afraid of losing their jobs.

Many respondents said they will reduce their expenses and consumption in 2009 due to concerns over deteriorating economy and job losses.

About 75 percent said they have felt the impact of the ongoing financial crisis, which has "significantly changed" their shopping habits. Some 35 percent said they are now more interested in discount goods.

In addition, about 44 percent said they will reduce their spending on vacation, and some 21 percent have decided to completely give up vacations.

Source:Xinhua



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