## Austria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Supplementary Information; and Statement by the Executive Director for Austria

_IMF Staff Country Reports, September 9, 2021_

## Source details

**Canonical URL:** [Austria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Supplementary Information; and Statement by the Executive Director for Austria](https://www.imf.org/en/publications/cr/issues/2021/09/07/austria-2021-article-iv-consultation-press-release-staff-report-staff-supplementary-465350)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/09/07/austria-2021-article-iv-consultation-press-release-staff-report-staff-supplementary-465350/index.md)
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## Bibliographic details
- Published: September 9, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513596600.002

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### Economic impact and headline findings
- Real GDP contracted by 6.3 percent in 2020.
- Real GDP declined further in early 2021.
- Several lockdowns helped contain the virus but significantly impaired the economy.
- Austria entered the crisis from a strong position; prudent policies prior to the pandemic provided significant policy space.

### 2021–medium term outlook
- The 2021 recovery is expected to be modest.
- The tourism and hospitality sectors will continue to be affected in 2021.
- Over the medium term:
  - Growth will accelerate in 2022.
  - Growth will then stabilize at potential.
  - The output level will remain somewhat below the pre-COVID trend.
- Uncertainty remains high.

### Thematic coverage and subjects addressed
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Balance of payments statistics
- COVID-19 (including COVID death, COVID infection)
- Crime
- Economic and financial statistics
- External sector statistics
- Health
- Income
- International organization
- Monetary policy
- National accounts

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## Content in this bundle

- **1autea2021001**
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_Source: https://www.imf.org/en/publications/cr/issues/2021/09/07/austria-2021-article-iv-consultation-press-release-staff-report-staff-supplementary-465350_