Austria: 2016 Article IV Consultation-Press Release; and Staff Report for Austria
IMF Staff Country Reports, February 2, 2017
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- Canonical URL
- Austria: 2016 Article IV Consultation-Press Release; and Staff Report for Austria
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Bibliographic details
- Published: February 2, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475573169.002
Key findings: 2016 performance
- GDP growth in 2016 is estimated at 1.4 percent.
- This represents an improvement over the average growth of 0.6 percent in 2012–15.
- Growth was broad-based and driven by:
- private consumption supported by income tax cuts,
- a recovery in investment,
- higher public consumption owing to spending on refugees.
- Employment growth has picked up as well.
Outlook and medium-term prospects
- The outlook for 2017 appears similarly robust.
- In the medium term, growth would decline toward its potential rate, which IMF staff estimate at slightly higher than 1 percent.
- Risks to the outlook are mainly external, with limited likely impact overall.
Subjects and thematic coverage (from the report)
- Banking
- Employment
- Expenditure
- Fiscal stance
- Labor
- Labor force participation
- Public debt
International Monetary Fund. Austria: 2016 Article IV Consultation-Press Release; and Staff Report for Austria (IMF Staff Country Reports 2017, 026).
Content in this bundle
- Country Report