{
  "title": "Austria: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria",
  "publication": "IMF Staff Country Reports, September 12, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/09/12/austria-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46221",
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  "summary": "This 2018 Article IV Consultation highlights that Austria’s economic recovery is strong and broad-based. Following several years of slow growth, Austria’s output picked up markedly in 2017, and through early-2018.",
  "sections": [
    {
      "heading": "Economic recovery and recent performance",
      "content": "- Austria’s economic recovery is described as strong and broad-based.\n- Output expanded by 3 percent in 2017.\n- Recovery drivers in 2017 included:\n  - income tax cuts passed in 2016,\n  - higher public spending on refugees,\n  - a recovery in private investment.\n- Consumer and business confidence indicators have surpassed levels observed before the Global Financial Crisis.\n- Credit growth has recovered."
    },
    {
      "heading": "Near-term outlook and medium-term projection",
      "content": "- Near-term growth projection for 2018: 3 percent.\n- Medium-term projection: gradual return to a potential growth of about 1.75 percent."
    },
    {
      "heading": "Publication metadata and scope",
      "content": "- Pages: 53\n- Volume: 2018\n- Issue: 272\n- Series: Country Report No. 2018/272\n- DOI: https://doi.org/10.5089/9781484375846.002\n- ISBN: 9781484375846\n- ISSN: 1934-7685\n- Subjects listed: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Labor, Labor markets, Loans, Unemployment\n\nInternational 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).\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\"}"
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    "Published: September 12, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484375846.002",
    "Austria’s economic recovery is described as strong and broad-based.",
    "Output expanded by 3 percent in 2017.",
    "Recovery drivers in 2017 included:",
    "Consumer and business confidence indicators have surpassed levels observed before the Global Financial Crisis.",
    "Credit growth has recovered.",
    "Near-term growth projection for 2018: 3 percent.",
    "Medium-term projection: gradual return to a potential growth of about 1.75 percent.",
    "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",
    "**Country Report**"
  ],
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