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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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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
Austria entered the most severe recession in decades, requiring policy measures to stabilise the real economy and financial markets. Beyond the crisis, there is need to enhance labour productivity and labour utilisation, and to improve the education system.
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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.
Austria entered the most severe recession in decades. This triggered prompt policy measures to stabilise the real economy and financial markets, which will deteriorate significantly the fiscal position.
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External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for Austria.