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Economist Abroad: Vienna is building stability
Notes from Austria's capital: Like in many other European countries, the non-institutional take-up of private assets is only just starting.
Economist Abroad: Vienna is building stability
Written by Mike O'Sullivan, Chief Economist
November 27, 2024

Moonfare’s Chief Economist, Mike O’Sullivan, is travelling the world to bring you insights into each country’s unique economic landscape. His analysis covers macroeconomic trends, local market dynamics and implications for private investors.

Follow Mike right here on the Moonfare blog or through our LinkedIn account as he explores financial hubs around the world. Read also his previous note from Iceland.

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Macro Environment

Economically, Austria is doing better than Germany, but so are most countries. The recent election was a headline grabber due to the rise of the far-right Freedom party, around which the other parties are now trying to form a government. 

Economist’s Observations

Vienna still has great charm and style — in many ways the best parts are the metro stations which a friend commented have a certain 'Wes Anderson' feel. The city bears the magnificence of its Habsburg empire days.

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Private Markets in Austria

From a private assets point of view, the invest.austria conference was revelatory — for the range of Austrian companies (AI swarm driven forklifts to compliance software for dentists) that are funded by private equity. Yet like in many other European countries, the non-institutional take-up of private assets is only just starting, and there is great scope for policymakers to help this process, especially so in terms of having more private investment from pension funds.

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Important notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Past performance is not a reliable guide to future returns. Don’t invest unless you’re prepared to lose all the money you invest. Private equity is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility. Please see https://www.moonfare.com/disclaimers.
Authors
Mike O'Sullivan, Chief Economist
Chief Economist
Mike O'Sullivan, Chief Economist
Mike is a Chief Economist and Senior Advisor at Moonfare. He has twenty years’ experience in global financial markets, most recently as CIO in the International Wealth Management Division of Credit Suisse. He was also a member of Harvest Innovation Advisory, a senior adviser at WestExec and a board member of the Jane Goodall Legacy Foundation. He has taught finance and economics at Oxford and Princeton, while regularly contributing to numerous journals and media outlets, including Forbes and CNBC. Mike studied in Cork and received MPhil and DPhil degrees at Balliol College, Oxford as a Rhodes Scholar.
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