Cover IMF Staff Country Reports
Austria: 2012 Article IV Consultation: Staff Report; Informational Annex; Statement by the Staff Representative; 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 2012: Issue 251
Language:
English
Publication Date:
28 Aug 2012
DOI:
https://doi.org/10.5089/9781475506778.002
ISBN:
9781475506778
ISSN:
1934-7685
Pages:
59
Keywords:
ISCR; CR; flash estimate; deceleration; flash release; growth; GDP series; staff appraisal; consultation discussion; Loans; Fiscal rules; Social security contributions; Global; Eastern Europe; Central and Eastern Europe; Asia and Pacific; Middle East; Western Hemisphere
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Austria has relatively strong macroeconomic fundamentals, but also deep ties with the rest of the euro area. The legacy of an overly ambitious eastward financial sector expansion has created substantial challenges to its policymakers. Policies have been designed to preserve market confidence, increase resilience against future adverse external spillovers, and boost potential growth. The Austrian supervisory authorities have also introduced a set of macroprudential guidelines to strengthen the resilience of the banking sector. However, improvements in the fiscal governance framework have not advanced as expected.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund