How Austria Got Through the Crisis and What to be Done Now

Gabriel Felbermayr

WIFO Reports on Austria, 2022, issue 3

Abstract: In the last two years, economic policy in Austria has been dominated by the COVID-19 crisis. Concerning its pandemic re-sponse, compared to its international peers, Austria ranks only average, both in terms of excess mortality and economic loss-es. While the pandemic situation is still acute, economic policy must nonetheless refocus on structural issues that are decisive for long-term prosperity. This article highlights some aspects of the COVID-19 crisis and offers some thoughts on the transfor-mation of the energy system and the reform of labour market institutions. The proactive design of both policy areas will be crucial for the country's successful economic future.

Keywords: Austrian economic policy; COVID-19 crisis; labour market reforms; energy system (search for similar items in EconPapers)
Date: 2022
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