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Strong euro and fears of recession: effects on the Austrian export industry
The Austrian export industry is suffering from the strong euro and fears of recession, but the economic development is not as bad as feared. According to the chief economist of the Industrial Association (IV), “stagnant development” is expected in the next six months. Effects on the market According to a report from www.derstandard.at, the strong euro will make exports more expensive and affect the competitiveness of Austrian industry. This could have a negative impact on the share prices of export-oriented companies and lead to a decline in investment. Impact on the financial sector Fears of recession may lead to more cautious lending by banks as demand for loans could fall. This could be the…
Strong euro and fears of recession: effects on the Austrian export industry
Impact on the market
According to a report by www.derstandard.at, the strong euro will make exports more expensive and affect the competitiveness of Austrian industry. This could have a negative impact on the share prices of export-oriented companies and lead to a decline in investment.
Impact on the financial industry
Recession fears may lead to more cautious lending by banks as demand for loans could fall. This could affect banks' profits and lead to a fall in stock prices in the financial sector. In addition, due to the uncertainty in the market, investors could increasingly invest in safer investments such as bonds or gold, which could have an impact on the capital markets.
Read the source article at www.derstandard.at