Austria: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, August 5, 2004
Source details
- Canonical URL
- Austria: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: August 5, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802306.002
Executive summary and macroeconomic outlook
- The economy "has continued to perform relatively well."
- Unemployment "is among the lowest in the European Union."
- Competitiveness "remains strong."
- "A gradual recovery is under way and short-term economic prospects are positive, although risks remain."
Financial sector vulnerabilities and risks
- Principal areas of potential risk:
- Exposure of Austrian banks in central and eastern European countries.
- Foreign currency loans to households.
- Identified scope for medium-term reforms:
- Strengthening supervision.
- Reviewing the current deposit insurance system.
Policy areas and institutional themes covered
- Subjects listed in the report:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Crime
- Expenditure
- Financial Sector Assessment Program
- Financial sector policy and analysis
- Fiscal policy
- Fiscal stance
- Tax incidence
- Tax policy