RaboResearch - Economisch Onderzoek

Landenrapport

Country Report Austria (Engelstalig)

Austria’s economic growth is set to gain steam, but its banks may face rising challenges in Russia and Ukraine, where they have sizeable exposures. Meanwhile, the re-elected ‘Grand Coalition’ government finally decided on a bad bank solution for Hypo Alpe Adria.

Landenrapport

Country Report Austria (Engelstalig)

Economic growth slowed down in 2012 and the outlook remains weak for 2013. The fiscal position is relatively strong, but the government has large contingent liabilities due to rising non-performing loans of Austrian banks in the CEE-countries.

Landenrapport

Austria (Country report) (Engelstalig)

The pace of Austria’s export-led economic recovery is likely to slow down in the coming quarters thanks, in part, to the challenging external environment. The risks to this outlook are considered to be broadly balanced.

Landenrapport

Austria (Country report) (Engelstalig)

Overall, the difficulties that the government could face from an outright crisis in the CEE countries have abated. And the confirmation of the AAA status of the sovereign by the rating agencies on the back of a relatively strong fiscal position will give the government enough room to support the banks should the need arise.