{
  "title": "Austria: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria",
  "publication": "IMF Staff Country Reports, February 12, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43700",
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  "summary": "The 2015 Article IV Consultation discusses the key issues related to the economy of Austria. Austria has recovered from the global financial crisis, but the crisis still remains in bank and public sector balance sheets.",
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    {
      "heading": "Overview and macroeconomic assessment",
      "content": "- Growth is estimated at 0.7 percent in 2015.\n- Growth in 2015 is described as \"a slight improvement over the ½ percent average in 2012–14.\"\n- Austria has recovered from the global financial crisis, but the crisis still remains in bank and public sector balance sheets.\n- Despite lackluster growth, economic slack is limited as potential growth has fallen as well.\n- Strengthening external and domestic demand supported the 2015 growth outcome."
    },
    {
      "heading": "Financial-sector developments",
      "content": "- Major banks have been striving to strengthen their capital and profitability positions amid regulatory and supervisory reforms.\n- The legacy of the crisis continues to be present on bank and public sector balance sheets."
    },
    {
      "heading": "Policy environment and governance",
      "content": "- The governing coalition of Social Democrats and the right-of-center People's Party holds a constructive dialogue on economic policy issues."
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects listed: Banking, Expenditure, Fiscal policy, Fiscal stance, Labor taxes, Migration, Population and demographics, Public debt, Taxes.\n- Keywords include: authority, consultation discussion, CR, crisis legacy, estimate, financial market authority, Fiscal stance, Global, ISCR, Labor taxes, Middle East, Migration, money market rate, potential GDP growth estimate, rising emerging market risk.\n\n---\n\n Content in this bundle\n\n- cr1650\n  - cr1650 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1650 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 12, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498327961.002",
    "Growth is estimated at 0.7 percent in 2015.",
    "Growth in 2015 is described as \"a slight improvement over the ½ percent average in 2012–14.\"",
    "Austria has recovered from the global financial crisis, but the crisis still remains in bank and public sector balance sheets.",
    "Despite lackluster growth, economic slack is limited as potential growth has fallen as well.",
    "Strengthening external and domestic demand supported the 2015 growth outcome.",
    "Major banks have been striving to strengthen their capital and profitability positions amid regulatory and supervisory reforms.",
    "The legacy of the crisis continues to be present on bank and public sector balance sheets.",
    "The governing coalition of Social Democrats and the right-of-center People's Party holds a constructive dialogue on economic policy issues.",
    "Subjects listed: Banking, Expenditure, Fiscal policy, Fiscal stance, Labor taxes, Migration, Population and demographics, Public debt, Taxes.",
    "Keywords include: authority, consultation discussion, CR, crisis legacy, estimate, financial market authority, Fiscal stance, Global, ISCR, Labor taxes, Middle East, Migration, money market rate, potential GDP growth estimate, rising emerging market risk.",
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