Cover IMF Staff Country Reports
Austria: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 188
Language:
English
Publication Date:
19 Jun 2008
DOI:
https://doi.org/10.5089/9781451802405.002
ISBN:
9781451802405
ISSN:
1934-7685
Pages:
43
Keywords:
ISCR; CR; authority; government agreement; supervisory authority; deficit; headline inflation; IMF staff projection; Austrian authorities; government program; Income; Employment; Inflation; Wages; Global; Eastern Europe; Europe; Southern Europe
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund