Austria: 2007 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria

International Monetary Fund

No 2007/145, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2007 Article IV Consultation highlights that the favorable economic outcome for Austria is owed to a combination of stability-oriented macropolicies, a range of structural reforms, strong international competitiveness resulting from a social partnership that facilitates wage moderation, and an orientation toward fast-growing economies in Central, Eastern, and Southeastern Europe (CESE). The banking sector continues to do well overall. The authorities are taking action to further improve monitoring of the Austrian banks’ activities in CESE, including foreign currency lending, and are also stepping up collaboration with host supervisors.

Keywords: ISCR; CR; government; government program; budget proposal; proposal; government plan; staff approach; expenditure saving; assessment of Austria's economic situation; long-term projection; staff's assessment; Budget planning and preparation; Labor costs; Employment; Europe (search for similar items in EconPapers)
Pages: 39
Date: 2007-05-02
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