## 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

_IMF Staff Country Reports, May 2, 2007_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-20670)

## Other formats

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## Bibliographic details
- Published: May 2, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802399.002

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### Key findings
- Favorable economic outcome for Austria attributed to:
  - stability-oriented macropolicies,
  - a range of structural reforms,
  - strong international competitiveness resulting from a social partnership that facilitates wage moderation,
  - an orientation toward fast-growing economies in Central, Eastern, and Southeastern Europe (CESE).
- The banking sector “continues to do well overall.”
- Authorities are taking action to further improve monitoring of Austrian banks’ activities in CESE, including foreign currency lending, and are stepping up collaboration with host supervisors.

### Policy actions and recommendations (as reported)
- Improve monitoring of Austrian banks’ activities in CESE, including foreign currency lending.
- Step up collaboration with host supervisors for banks operating in CESE.

### Scope and subjects covered
- Subject tags: 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-20670_