Coverart for item
The Resource Austria : 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria, (electronic resource)

Austria : 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria, (electronic resource)

Label
Austria : 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria
Title
Austria
Title remainder
2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria
Title variation
Austria, 2014 article IV consultation
Contributor
Subject
Language
eng
Summary
KEY ISSUES Context: Austria did not experience a severe boom-bust cycle and came through the crisis relatively well. The main impact was on the banking sector and public debt. With cyclical slack low and the recovery taking hold, this is the time to resolve crisis legacies and address long-standing structural issues. Outlook and risks: The recovery is taking hold, driven by a pick-up in exports. The most acute risks are mainly geopolitical and could in particular lead to financial spillovers. Financial sector policies: Bank restructuring should now be rapidly completed and bad asset disposal accelerated. Large internationally active banks should stand ready for further capital increases, and the EU banking union framework needs to be swiftly transposed at the national level. Public expenditure reforms: More decisive expenditure reforms in key areas such as pensions, health care, subsidies, and fiscal federalism would generate savings that could be used for both an accelerated debt reduction and lower labor taxation. Boosting potential output growth: Enhancing IT adaptation, improving the performance of the education system, facilitating access to financing for innovative start- ups, and reducing administrative barriers for new businesses would raise potential growth and labor productivity
Member of
Dewey number
330.9436
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF country report
Series volume
no. 14/278
http://library.link/vocab/subjectName
  • International Monetary Fund
  • Austria
  • Austria
  • Economic forecasting
  • Banks and banking
  • Debts, Public
Label
Austria : 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria, (electronic resource)
Instantiates
Publication
Note
  • "September 2014."
  • "July 31, 2014"--Page 2 of pdf
Bibliography note
Includes bibliographical references
Control code
ocn890657817
Extent
1 online resource (73 pages)
Form of item
online
Isbn
9781498395595
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)890657817
Label
Austria : 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria, (electronic resource)
Publication
Note
  • "September 2014."
  • "July 31, 2014"--Page 2 of pdf
Bibliography note
Includes bibliographical references
Control code
ocn890657817
Extent
1 online resource (73 pages)
Form of item
online
Isbn
9781498395595
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)890657817

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