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
IMF Staff Country Reports, May 2, 2007
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: May 2, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802399.002
Key findings
- Favorable economic outcome for Austria attributed to:
- stability-oriented macropolicies,
- a range of structural reforms,
- strong international competitiveness resulting from a social partnership that facilitates wage moderation,
- an orientation toward fast-growing economies in Central, Eastern, and Southeastern Europe (CESE).
- The banking sector “continues to do well overall.”
- Authorities are taking action to further improve monitoring of Austrian banks’ activities in CESE, including foreign currency lending, and are stepping up collaboration with host supervisors.
Policy actions and recommendations (as reported)
- Improve monitoring of Austrian banks’ activities in CESE, including foreign currency lending.
- Step up collaboration with host supervisors for banks operating in CESE.
Scope and subjects covered
- Subject tags: Budget planning and preparation, Employment, Expenditure, Fiscal stance, Labor, Labor costs, Public debt, Public financial management (PFM), Structural reforms
- Keywords: assessment of Austria's economic situation, Budget planning and preparation, budget proposal, CR, Employment, Europe, expenditure saving, government, government plan, government program, ISCR, Labor costs, long-term projection, proposal, staff approach, staff's assessment