Austria: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria
IMF Staff Country Reports, September 12, 2018
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- Austria: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria
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Bibliographic details
- Published: September 12, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484375846.002
Economic recovery and recent performance
- Austria’s economic recovery is described as strong and broad-based.
- Output expanded by 3 percent in 2017.
- Recovery drivers in 2017 included:
- income tax cuts passed in 2016,
- higher public spending on refugees,
- a recovery in private investment.
- Consumer and business confidence indicators have surpassed levels observed before the Global Financial Crisis.
- Credit growth has recovered.
Near-term outlook and medium-term projection
- Near-term growth projection for 2018: 3 percent.
- Medium-term projection: gradual return to a potential growth of about 1.75 percent.
Publication metadata and scope
- Pages: 53
- Volume: 2018
- Issue: 272
- Series: Country Report No. 2018/272
- DOI: https://doi.org/10.5089/9781484375846.002
- ISBN: 9781484375846
- ISSN: 1934-7685
- Subjects listed: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Labor, Labor markets, Loans, Unemployment
International Monetary Fund. Austria: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria (IMF Staff Country Reports 2018, 272).
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- Country Report