Austria: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria

June 19, 2008

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Format: Chicago

Austria: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

A mix of solid economic policies, wage moderation, and an early orientation toward Eastern Europe explain Austria’s strong economic performance. The economy has grown strong in 2007 and through the first quarter of 2008. Employment growth remains strong, but the trend of a declining unemployment rate appears to be tapering off. Tighter labor market conditions have not resulted in sharp wage increases; instead negotiated wages for 2008 are up. Austria’s external position remains strong, despite a recent decline in competitiveness.

Subject: Banking, Competition, Employment, Expenditure, Fiscal stance, Income, Inflation, Labor, National accounts, Prices, Wages

Keywords: Austrian authorities, Authority, CR, Deficit, Eastern Europe, Employment, Europe, Global, Government agreement, Government program, Headline inflation, IMF staff projection, Income, Inflation, ISCR, Southern Europe, Supervisory authority, Wages

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/188
Stock No:

1AUTEA2008001
ISBN:

9781451802405
ISSN:

1934-7685

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