Chief economist gave insights into the financial sector
- 29.01.2024
- Event Review
Dr. Stefan Bruckbauer, Chief Economist at UniCredit Bank Austria, provided insights into the financial sector with his lecture and attracted many visitors to the Kufstein University.
Stefan Bruckbauer spoke in the “Festsaal” (Festivities Hall) of the Kufstein University on the topic “Is the mood worse than the outlook? Expectations for growth, inflation and interest rates for 2024 and beyond. One can be cautiously optimistic.
At the end of January 2024, numerous interested parties gathered in the “Festsaal” (Festivities Hall) of the Kufstein University to take part in the Management Forum Kufstein, this time organized in cooperation with the Lions Club Kufstein. The event was very popular and attracted many visitors to Kufstein. As every year, the International Business Studies, Marketing & Communication Management and Business Management (now: Leadership & Business Management) degree programs at Kufstein University organized the forum. Students actively supported the event with their expertise as part of their practical project in the Marketing & Communication Management degree program and provided regular updates via Instagram to give interested followers insights into the evening before and during the forum. The evening was hosted by Prof. (FH) Dr. Christoph Hauser.
EXPECTATIONS FOR GROWTH, INFLATION AND INTEREST RATES
During the presentation, Stefan Bruckbauer provided data-based information and valuable knowledge in the field of finance, in particular on expectations for growth, inflation and interest rates for 2024. An insight into the current national and international economic situation laid the foundation for the following future prospects. “Even if we can already assume a decline in inflation with potential real wage increases, I would also point out that the tighter monetary policy will dampen the pace of growth in 2024,” said Bruckbauer in his presentation. The chief economist therefore does not recommend any further tightening on the part of the central banks.
RISKS AND CHALLENGES
In the further course of the evening, Stefan Bruckbauer also addressed risks and challenges. These are extremely high due to companies' reactions to cost increases and geopolitical upheavals, among other things. Although Bruckbauer rounded off his presentation with cautious optimism for the second half of 2024 and 2025, he also emphasized the slow recovery of the financial sector.
A concluding discussion round allowed for an interesting exchange of information. The event concluded with a drinks reception, which provided an opportunity for personal discussions between the speaker, the students and the interested participants.