The rating agency Morningstar continues to confirm that Austria has high economic resilience, solid debt sustainability and a high GDP per capita
Vienna (OTS) – “The confirmation of AAA status gives the lie to the opposition. The Morningstar report shows how hollow the anti-future whining from the SPÖ, FPÖ and NEOS really is. In addition to confirming the top standard, the agency also makes it clear that we are dealing with a very stable and resilient economy in Austria,” commented the General Secretary of the People’s Party, Christian Stocker, on the recent confirmation of Triple A status for Austria by the rating agency Morningstar.
“Morningstar, like us, continues to assume that the government debt ratio will remain stable and points out that yields on government bonds have risen significantly. According to Morningstar, this is due to a tighter and consistent monetary policy. But our financial market stability and foreign trade are also highlighted positively,” Stocker continued and concluded: “And in particular, the Austrian economy is so robust because we have a high GDP per capita and strong incomes. By consistently focusing on preserving purchasing power to combat inflation, the government was absolutely right. The fact that the opposition is largely sticking to its solutions, the inadequacy of which has been explicitly demonstrated in other countries, speaks volumes. Honest and forward-looking politics for the people of Austria can only be achieved with Chancellor Karl Nehammer and the People’s Party.”
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