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11-Jul-2011
While Austria has made great efforts to improve its fiscal framework at the federal government level, work remains to be done to: i) avoid pro cyclical fiscal outcomes, in particular at lower levels of government and in the social security system, ii) improve public sector spending efficiency; and iii) improve the tax structure in order to make taxes less of a burden for economic activity.
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11-Jul-2011
Health care reform is occupying policymakers at all levels of government in Austria, encompassing the rich structure of fiscal federal relations as well as the social partners. The Austrian population has a high regard for its health care system, although in international comparison it comes across as very expensive, fragmented and lacking agreed targets.
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21-Apr-2011
The 11 March 2011 Great East Japan Earthquake was the strongest ever recorded in Japan and triggered the country’s worst disaster of the post-war era. The immediate impact will be to reduce output, although this will later be reversed by reconstruction efforts.
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OECD forecasts a protracted economic slowdown in US, Japan and Euro area
13-Nov-2008
Economic activity is expected to fall by 0.9 percent in the US next year, by 0.5 percent in the Euro area and by 0.1 percent in Japan as OECD countries enter a protracted slowdown, according to latest projections. Watch the news conference to present GDP, inflation and unemployment forecasts for the three economies ahead of the G20 summit on the financial crisis on 15 November 2008.
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02-Sep-2008
Financial market turmoil, the bursting of the housing bubble and high commodity prices continue to weigh on global economic growth, according to OECD’s latest interim economic assessment of the G7 countries.
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