Outlook lowered: S&P adjusts outlook for Austria – from “Positive” to “Stable” | news

news-container">However, the analysts confirmed the rating “AA+/A-1” on Friday evening. They expect that real growth in Austria’s gross domestic product will be relatively strong at an estimated 3.6 percent this year and that the government will stick to its budgetary consolidation course until 2025. However, a possible further reduction in Russian deliveries of energy sources to Europe poses a risk for Austria and its most important trading partners.

On Friday evening, S&P also confirmed Denmark’s rating of “AAA/A-1+” with a stable outlook. The war in Ukraine has hardly any direct negative impact on the Danish economy. However, the country is still feeling the consequences indirectly, namely in the form of higher inflation and lower exports. An economic slowdown in the country’s most important trading partners is likely to slow down the Danish economy this year and next. However, thanks to the strong economic recovery last year, the government in Copenhagen achieved a high budget surplus and reduced the proportion of debt in relation to gross domestic product. This gives Denmark a buffer that can cushion the negative impact of the war on the Danish economy.

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FRANKFURT (Dow Jones)

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