Austria: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, August 14, 2002
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- Austria: Staff Report for the 2002 Article IV Consultation
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Bibliographic details
- Published: August 14, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802337.002
Economic outlook and growth projections
- After decelerating sharply in 2001, economic growth in Austria is projected to strengthen gradually during 2002, parallel to the expected improvement in the global economic climate.
- Real GDP growth is projected to average 1 percent in 2002.
- Recovery in investor confidence and strong competitiveness are cited as supporting factors for the projected growth.
Labor market
- Despite the recent increase, the unemployment rate remains one of the lowest in Europe at about 4 percent.
Fiscal policy and government stance
- The government intends to stick to its fiscal adjustment plan in 2002.
Content in this bundle
- IMF Concludes 2002 Article IV Consultation with Austria