{
  "title": "Austria: 2016 Article IV Consultation-Press Release; and Staff Report for Austria",
  "publication": "IMF Staff Country Reports, February 2, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/02/austria-2016-article-iv-consultation-press-release-and-staff-report-for-austria-44608",
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  "summary": "This 2016 Article IV Consultation highlights that the economic recovery in Austria has strengthened in 2016. GDP growth in 2016 is estimated at 1.4 percent, an improvement over the average growth of 0.6 percent in 2012–15.",
  "publishDate": "2017-02-02",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings: 2016 performance",
      "content": "- GDP growth in 2016 is estimated at 1.4 percent.\n- This represents an improvement over the average growth of 0.6 percent in 2012–15.\n- Growth was broad-based and driven by:\n  - private consumption supported by income tax cuts,\n  - a recovery in investment,\n  - higher public consumption owing to spending on refugees.\n- Employment growth has picked up as well."
    },
    {
      "heading": "Outlook and medium-term prospects",
      "content": "- The outlook for 2017 appears similarly robust.\n- In the medium term, growth would decline toward its potential rate, which IMF staff estimate at slightly higher than 1 percent.\n- Risks to the outlook are mainly external, with limited likely impact overall."
    },
    {
      "heading": "Subjects and thematic coverage (from the report)",
      "content": "- Banking\n- Employment\n- Expenditure\n- Fiscal stance\n- Labor\n- Labor force participation\n- Public debt\n\nInternational Monetary Fund. Austria: 2016 Article IV Consultation-Press Release; and Staff Report for Austria (IMF Staff Country Reports 2017, 026).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/02/austria-2016-article-iv-consultation-press-release-and-staff-report-for-austria-44608"
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    "Published: February 2, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475573169.002",
    "GDP growth in 2016 is estimated at 1.4 percent.",
    "This represents an improvement over the average growth of 0.6 percent in 2012–15.",
    "Growth was broad-based and driven by:",
    "Employment growth has picked up as well.",
    "The outlook for 2017 appears similarly robust.",
    "In the medium term, growth would decline toward its potential rate, which IMF staff estimate at slightly higher than 1 percent.",
    "Risks to the outlook are mainly external, with limited likely impact overall.",
    "Banking",
    "Employment",
    "Expenditure",
    "Fiscal stance",
    "Labor",
    "Labor force participation",
    "Public debt",
    "**Country Report**"
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