The ruling Austrian People’s Party (ÖVP) will face significant challenges in forming a coalition government after the announced election in September. The resulting political uncertainty will put at risk the full implementation of the growth-focused reform package presented in April.

Universities are vulnerable because they hold highly valuable and sensitive information, including confidential research and medical records. Institutions most attractive to cybercriminals are often financially strong, however, with ample reserves to help mitigate financial harm.

The majority will be able to weather a moderate downturn without significant adverse credit impact. Recession preparedness is stronger for 22 states, moderate for 26 and weaker for two, according to our scenario analysis.

Financial technology companies have grown substantially in Australia, penetrating segments such as unsecured credit lending and payment services. Yet, large banks in the country are aggressively pursuing technology development as well. This, coupled with some regulatory barriers for fintech companies, will help major incumbent banks defend their competiveness.