## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-staff-report-for-the-2004-article-iv-consultation-17604)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/austria-staff-report-for-the-2004-article-iv-consultation-17604/index.md)
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- [Bundle manifest](/en/publications/cr/issues/2016/12/31/austria-staff-report-for-the-2004-article-iv-consultation-17604/bundle-manifest.json)

## Bibliographic details
- Published: August 5, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802306.002

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### 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

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## Content in this bundle

- **_cr04236**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-staff-report-for-the-2004-article-iv-consultation-17604_