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IMF Country Report No. 21/204
AUSTRIA
SELECTED ISSUES
September 2021
This Selected Issues paper on Austria was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on August 3, 2021.
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Title Page
AUSTRIA
SELECTED ISSUES
August 3, 2021
Approved By
European Department
Prepared by Michelle Hassine, Manasa Patnam, and Nujin Suphaphiphat
Contents
THE COVID-19 IMPACTS ON AUSTRIA
A. Introduction
B. Austria’s Economic Scarring: Lessons from the Past
C. Firm Dynamism and Productivity in Austria—The Role of Credit
D. Equity Gap in Austria—Issues and Policy Recommendations
FIGURE
1. Pre-Pandemic Structural Labor Market Issues and Long-Term Unemployment
TABLE
1. 2019–2020 Change in Corporate Equity by Firm Size and Sector
References
ANNEXES
I. Data Sources and Calculations
II. Selected COVID–19 Related Federal Budget Spending Measures(Cash Basis), 2020