Report

Macro: COVID-19 Economic update Austria part 1_20_03_2020

In the last few days, Austria has adopted drastic measures to contain the corona virus. Restrictions that seemed difficult to imagine just a few weeks ago, but which are undoubtedly necessary in the current environment, are causing economic activity to come to a standstill in some areas (especially in the consumer-related services sector and tourism). A "shutdown" of entire sectors of the economy in this from is unprecedented in recent history. This, together with the fact that the course of the virus is difficult to predict and that other EU countries are also adopting similarly drastic restrictions on (economic) life on a daily basis (if they have not already done so), makes it impossible at present to quantify the economic effects in a reliable manner.

This Research was produced and first published by Raiffeisen Bank International AG which is supervised by the Austrian Financial Market Authority and the National Bank of Austria.
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Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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