Austria: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/372, IMF Staff Country Reports from International Monetary Fund

Abstract: The Austrian economy performed well, but long-term problems were unaddressed. Austria has weathered the slump well. The government's economic policy priorities and recent achievements have been commendable. Tax reform will help improve the economy's long-term growth potential. Successful reform of inter-governmental fiscal relations is key to achieving the medium-term fiscal objectives. The recent pension reform will ensure long-term sustainability of the pension system. The creation of the financial market authority has strengthened financial supervision but continued vigilance is required. The government's structural reform agenda is appropriate.

Keywords: ISCR; CR; authority; Financial Market authority; staff appraisal; policy; staff statement; stability program; EU-accession countries; Pension reform; Fiscal stance; Tax incidence; Global; Eastern Europe; Europe; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 53
Date: 2003-11-26
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