A non-party expert becomes Labour Minister in Austria's government. That is remarkable in itself and his expertise could extend far beyond his area of competence into other ministries, such as finance, economy, infrastructure and social affairs. He stands for constructive ideas and market-based solutions. His biggest challenges in 2021 are the regulation of short-time work, unemployment benefits and long-term unemployment.
2021 begins across Europe with drastic restrictions. COVID-19 infection rates, lockdowns, feared waves of insolvencies ... many factors weigh on the start of the year. But with the prospect of an effective vaccination, the global economy should recover noticeably in the course of the year. A trend that should continue in 2022. With an extremely accommodative fiscal and monetary policy, the economic cycle and the financial markets are getting a tailwind. But the risky stock markets in particular have already anticipated a lot of positive news.
A few days ago, an extraordinary year for Austria came to an end, not least in economic terms. A year that no one had expected in this way. The year 2020 ended in what is now the third lockdown, "shutdowns" of entire economic sectors have become routine. In addition to the review of the Corona year 2020 for the Austrian economy, the question arises as to what can be expected for the year that has just begun and this against the backdrop of tourism, but also the strong industrial focus and the intensive trade relations with Germany plus Central and Eastern Europe. After all, these are the unique selling points of the Austrian economy.
Dear customers, here we want to provide you an overview of the re-shaped Raiffeisen Research Division. The content is divided into the topics core competencies, contact persons and our research focus. With best wishes for 2021!