I am delighted to be back in Vienna today to meet with Federal Chancellor Kern and other distinguished members of the Austrian government. We have reaffirmed the deep friendship between the OECD and Austria, and expressed our commitment to work together in this tough economic climate for the benefit of all Austrians.
Austria’s prospects are among the strongest in Europe. Activity is picking up, and GDP is poised to increase by at least one and a half per cent next year (...) Austria’s rates of unemployment and youth unemployment remain among the lowest in the European Union, said Angel Gurría.
Austria has always been a remarkable ally to the OECD. It was one of the Organisation’s 19 founding members. It has been a pathfinder in many policy areas and it played a key role in our 50th Anniversary celebrations, said Angel Gurría.
Austria should seize the opportunity provided by its robust, export-led recovery to strengthen spending reforms and reinforce domestic drivers of economic growth, said Angel Gurría.
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
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Speech delivered by Andrew Dean, Director of Country Studies in the OECD Economics Department at the news conference held on 2 July 2009 at Bundeskanzleramt (Kongresssaal) in Vienna.to launch the 2009 Economic Survey of Austria.