Austria: 2007 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria.
May 2, 2007
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This 2007 Article IV Consultation highlights that the favorable economic outcome for Austria is owed to a combination of stability-oriented macropolicies, a range of structural reforms, strong international competitiveness resulting from a social partnership that facilitates wage moderation, and an orientation toward fast-growing economies in Central, Eastern, and Southeastern Europe (CESE). The banking sector continues to do well overall. The authorities are taking action to further improve monitoring of the Austrian banks’ activities in CESE, including foreign currency lending, and are also stepping up collaboration with host supervisors.
Subject: Budget planning and preparation, Employment, Expenditure, Fiscal stance, Labor, Labor costs, Public debt, Public financial management (PFM), Structural reforms
Keywords: assessment of Austria's economic situation, Budget planning and preparation, budget proposal, CR, Employment, Europe, expenditure saving, government, government plan, government program, ISCR, Labor costs, long-term projection, proposal, staff approach, staff's assessment
Pages:
39
Volume:
2007
DOI:
Issue:
145
Series:
Country Report No. 2007/145
Stock No:
1AUTEA2007002
ISBN:
9781451802399
ISSN:
1934-7685
