Vienna – In the pandemic years 2020 and 2021, Austrian families saved a lot and invested a lot of money in securities. But the stock market turmoil since the start of the war in Ukraine has thwarted them. The result: For the first time since the 2008 financial crisis, private financial assets in this country declined in the first half of 2022, or by 3.4 percent to 799 billion euros, said Johannes Turner, statistical director. of the Oesterreichische Nationalbank (OeNB), on Thursday. “It’s not a pure catastrophe, but a clear downward shift,” he added.
