Austria: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/236, IMF Staff Country Reports from International Monetary Fund

Abstract: Austria’s 2004 Article IV Consultation reports that the economy has continued to perform relatively well, unemployment is among the lowest in the European Union, and competitiveness remains strong. Also, a gradual recovery is under way and short-term economic prospects are positive, although risks remain. There are areas of potential risk stemming primarily from exposure of Austrian banks in central and eastern European countries and foreign currency loans to households; and there is scope for strengthening supervision and reviewing the current deposit insurance system over the medium term.

Keywords: ISCR; CR; government; authority; reform; deficit; FSAP; reform process; reform agenda; benefits growth; expenditure saving; tax reform plans; government in power; targeted deficit increase; record of leadership; financial system; Tax incidence; Fiscal stance; Financial Sector Assessment Program; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global; Europe; Central and Eastern Europe; Eastern Europe (search for similar items in EconPapers)
Pages: 43
Date: 2004-08-05
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