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The value has been reduced by 29 percent according to the OeNB.
© APA
The coronavirus pandemic has not allowed domestic economic production, according to calculations made by the Austrian National Bank (OeNB), to contract eleven billion euros.
According to the calculations made by the Austrian National Bank (OeNB) of the 11 billion is the decrease in euros in value added in Austria due to the crown crisis March 9-April 12 each means of payment of the decrease in consumption due to the closings arranged as well as the worst macroeconomic environment – among others, the decline in exports and investment – tracked.
Crown pandemic cost of the domestic economy so far 11 billion euros
In contrast to the economic and financial crisis in 2009, by the
They carried out the financial sector and the real economy mainly through
a decrease in demand has been satisfied, they are currently both in the
Affected the demand and supply side, the OeNB writes
Wednesday in a press release. It was the most affected area of
Accommodation and food service with a decrease in demand of 80 percent.
OeNB economists point out that it falls by
own share liquidity and low capital, the hotel and
The catering sector has little opportunity to mitigate lost revenue.
In addition, the lack of guests can not later in a
Time to be reprogrammed.
Travel agencies and tour operators
The OeNB is for the period from March 9 to April 12 in a
Sales deficit of 88 percent. Also in a massive way from the crown crisis
affected the Sports / Entertainment service industry and the
Other personal services (including hairdressing and
Beauty salons). Highly tough airlines are also affected,
furniture manufacturers, fashion and shoe manufacturers, car manufacturers and suppliers
and printing. “Compared to Tourism Related
The services have companies interested in
Manufacturing, however, consistently better solvency and
The liquidity position, “concludes the OeNB economists.
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