Press release
Impact of COVID-19 on Austria Economy Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis.
As per the International Monetary Fund, Austria is the 26th largest economy with a GDP of $447 billion in 2019. The GDP has shown a growth of 1.6% in 2019 as compared to last year however in 2020, the country is expected to witness a slower growth due to COVID-19 pandemic. The nine million population country has witnessed one of the highest incident rates of COVID-19 pandemic. By the end of March 2020, the country has more than 10,700 cases related to coronavirus, which are around 1,200 cases per million people. As a preventive measure, the government has lockdown the whole country up to 19th April 2020.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-austria-economy
On the basis of industry classification, the impact of COVID-19 pandemic on Austria's economy is studied into energy, healthcare, retail & e-commerce, agribusiness & food, aviation, manufacturing, travel & tourism, and others. After the huge number of cases in the country, a brake on the economic activities has been witnessed. As per the Austrian Public Employment Service (AMS), after the lockdown, there were around more than 504,300 unemployed people in April 2020 which is 52.5% higher than the same month last year.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-austria-economy
Most affected sectors in the country due to coronavirus include aviation, tourism, construction, and other temporary work sectors. The Austrian Airlines announced to suspend all its operations in the country from 18th March 2020, up to 28th March 2020. Austrian Airlines is the first airline of the Lufthansa Group to shut down completely due to COVID-19. The company has kept two planes for emergency services which include one wide-body and one narrow-body plane. Moreover, to deal with the economic crises, the government has announced an aid program of more than $41 billion in the country.
Key companies operating in Austria whose business operations are affected due to COVID-19 include Austrian Airlines AG, OMV AG, Voestalpine AG, STRABAG SE, Verbund AG, SPAR AG, Magna Steyr AG & Co KG, Marcher Fleischwerke, REWE International AG, Vienna House, PIERER Mobility AG among others. Multiple manufacturing companies are shutting their manufacturing units to prevent the spread of the virus. For instance, in March 2020, Magna International Inc. shut down its car assembly plant in southern Austria for two weeks which employs 6,000 people to manufacture Mercedes-Benz, BMW, and Jaguar Land Rover. The plant was not getting the required parts from other countries due to the outbreak of coronavirus in the whole of Europe. From 30th March to 10th April 2020, Pierer Mobility has also announced to shutdown Mattighofen plant for the two-week due to supply chain interruption from Italy.
Verticals Affected Most
• Energy
• Healthcare
• Retail & E-commerce
• Agribusiness and Food
• Aviation
• Manufacturing
• Travel and Tourism
• Others (Construction, Electronics)
Company Profiles
• Austrian Airlines AG
• Magna Steyr AG & Co KG
• MAN SE
• Norbert Marcher GmbH
• OMV AG
• PIERER Mobility AG
• REWE International AG (Billa)
• Siemens AG
• SPAR Österreichische Warenhandels-AG
• STRABAG SE
• Verbund AG
• Vienna House Hotelmanagement GmbH
• Voestalpine AG
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-austria-economy
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Impact of COVID-19 on Austria Economy Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis. here
News-ID: 2384570 • Views: …
More Releases from Orion Market Research
Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033.
Road Marking Paint Market Overview
The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new…
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period.
Outboard Boat Market Overview
The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including…
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033.
Mobile Ticketing Market Overview
The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,…
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033.
Metal Alloy Market Overview
The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in…
More Releases for Austria
I am from Austria! AGROsolution enriches team with new consultant for Austria
Wolfgang Bandion will advise farmers and agricultural dealers in Upper and Lower Austria in the future!
Born in Lower Austria, he has many years of experience as a specialist consultant for arable farming, grassland, viticulture and specialty crops, as well as managing his own farm. "What more could an employer want in terms of agricultural expertise?" say Managing Directors Stefan Stassen and Peter Huemer, who were immediately impressed by Mr. Bandion's…
Austria Agriculture Market | Austria Agriculture Industry | Austria Agriculture …
The share of Austria agriculture within the Austrian economy declined steady afterward World War II, agriculture continues to represent a very important part of the economy attributable to its social and political significance. The Chamber of Agriculture rests on an equal level with the chambers of commerce and labour, though its members manufactures solely a fraction of the GDP that industrial and sale able labours produce. Though little, the agricultural sector is…
Telecoms, Mobile and Broadband 2018-2023 Austria Market Survey Industry Key Play …
WiseGuyReports.com "Austria - Telecoms, Mobile and Broadband - Statistics and Analyses" report has been added to its Research Database.
Scope of the Report:
Austria's telcos looking forward to major spectrum auctions for 5G. Austria's telecom market is dominated by the incumbent Telekom Austria and the cableco UPC Austria, though there has been greater competitive pressure in the fixed-line broadband and mobile sectors in recent years. In common with operators elsewhere in Europe,…
Austria Telecoms, Mobile and Broadband Market Professional Survey with Industry …
WiseGuyReports.com “Austria - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database.
Scope of the Report:
Austria’s telcos looking forward to major spectrum auctions for 5G. Austria’s telecom market is dominated by the incumbent Telekom Austria and the cableco UPC Austria, though there has been greater competitive pressure in the fixed-line broadband and mobile sectors in recent years. In common with operators elsewhere in Europe,…
Agrochemicals Market in Austria
ReportsWorldwide has announced the addition of a new report title Austria: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports.
The report “Austria: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A…
Nazi psychology in Austria
The history of academic psychology after the "Anschluss", the annexation of Austria by Germany in 1938, and its role as a discipline used in National Socialist policies is being examined systematically for the first time in a research project supported by the Austrian Science Fund FWF.
"It is a sad fact”, says psychologist Gerhard Benetka from the Sigmund Freud University Vienna "that applied psychology flourished during the National Socialist era…
