• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
HealthCOVID-19 vaccines

Austria becomes first Western nation to order compulsory COVID-19 vaccinations and global markets tumble

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
November 19, 2021, 5:56 AM ET

Austria has become the first Western country to announce it will make COVID-19 vaccination mandatory. The measure will go into effect on Feb. 1, but as the country’s infection rates are currently out of control, it will also endure a fourth nationwide stay-at-home lockdown from Monday.

The lockdown will last between 10 and 20 days and, while it won’t close schools, parents are being encouraged to have their kids study from home. The vaccination mandate will apply to everyone who is eligible for a COVID jab, and its announcement comes a week after Austria announced a similar lockdown that targeted unvaccinated adults, which may continue after the general lockdown ends.

Germany, which just decided to impose its own restrictions on unvaccinated people, is not ruling out a lockdown for everyone, its health minister warned Friday morning. Markets around the world swooned on the news coming out of Central Europe.

Less than two-thirds of the Austrian population is vaccinated. The country recorded over 15,000 new cases Thursday; a month previously, it recorded less than 1,900. Austria’s rapidly rising seven-day incidence rate is currently nearing 1,000 infections per 100,000 inhabitants.

“The lockdown will break the fourth wave; the way out of the fifth wave is vaccination, vaccination, vaccination,” said Health Minister Wolfgang Mückstein. Chancellor Alexander Schallenberg—who took the reins last month after the resignation of scandal-mired Sebastian Kurz—said “irresponsible” campaigners against vaccination had caused “overfilled intensive care stations and enormous human suffering.”

The government also said people will be able to take booster doses after four months.

Many countries have announced vaccine mandates for classes of people, such as public sector employees and health workers, but until now the only countries to hit all adults with a mandate have been Indonesia, Turkmenistan, and Micronesia.

Austria’s rapidly advancing COVID measures underscore how quickly the situation is changing in Europe, where in recent days Belgium announced a work-from-home mandate, the Netherlands reentered partial lockdown, and Sweden—the great model of laissez-faire pandemic management—said it would finally introduce vaccine passes. Slovakia, the Czech Republic, and Germany are also following Austria’s lead on restrictions for the unvaccinated.

The latest Austrian lockdown news instantly hit the euro—down 0.7% against the dollar—and European markets, which had previously been having a better morning; the Stoxx 600 also dropped 0.7%.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

The Best Memorial Day Treadmill Sales of 2026
HealthHealth Evergreen Fitness
The Best Memorial Day Treadmill Sales of 2026
By Christina SnyderMay 12, 2026
2 hours ago
Early Memorial Day Mattress sales of 2026: The Best Brands and Deals
Healthmattresses
Early Memorial Day Mattress sales of 2026: The Best Brands and Deals
By Christina SnyderMay 11, 2026
22 hours ago
Poppi cofounder Allison Ellsworth
SuccessEntrepreneurs
Poppi cofounder maxed out credit cards and sold her car to fund the company—now, she’s a multimillionaire after a $1.95 billion sale
By Emma BurleighMay 11, 2026
1 day ago
American schools have been quietly killing recess to focus on test scores—and pediatricians are warning it’s a mistake
HealthEducation
American schools have been quietly killing recess to focus on test scores—and pediatricians are warning it’s a mistake
By Laura Ungar and The Associated PressMay 11, 2026
1 day ago
Evacuations begin for hantavirus-hit cruise ship, with American passengers to be quarantined in Nebraska. ‘This is not another COVID’
HealthHealth
Evacuations begin for hantavirus-hit cruise ship, with American passengers to be quarantined in Nebraska. ‘This is not another COVID’
By Iain Sullivan, Suman Naishadham and The Associated PressMay 10, 2026
2 days ago
joaquin
Commentary250 Years of Innovation
Johnson & Johnson CEO: America’s innovation advantage starts with health 
By Joaquin DuatoMay 9, 2026
3 days ago

Most Popular

Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
Economy
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
By Jason MaMay 11, 2026
1 day ago
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
Success
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
By Preston ForeMay 11, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
2 days ago
Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
North America
Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
By Marco Quiroz-GutierrezMay 11, 2026
18 hours ago
U.S. hotels are calling the World Cup a 'non-event' and 80% warn bookings are falling short of expectations, report finds
North America
U.S. hotels are calling the World Cup a 'non-event' and 80% warn bookings are falling short of expectations, report finds
By Sasha RogelbergMay 12, 2026
9 hours ago
Current price of oil as of May 11, 2026
Personal Finance
Current price of oil as of May 11, 2026
By Joseph HostetlerMay 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.