Austria: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, June 14, 2001
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- Austria: Staff Report for the 2001 Article IV Consultation
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- Published: June 14, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802276.002
Economic growth and macro developments
- Growth in the Austrian economy decelerated in mid-2000 in tandem with weaker activity in Europe after a vigorous expansion.
- Executive Directors noted pressures to reduce the tax burden and to narrow the scope of the public sector’s direct economic involvement.
Privatization and market liberalization
- Privatization of state holdings in commercial enterprises has continued.
- Liberalization of the electricity and gas markets is planned to be completed well ahead of EU deadlines.
Labor and civil service
- Executive Directors encouraged the authorities regarding their civil service.
Policy recommendations and focus
- Executive Directors recommended a long-term focus on the fiscal policy debate in light of pressures to reduce the tax burden and narrow the scope of public sector involvement.