Austria: 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation
Gespeichert in:
Format: | Elektronisch E-Book |
---|---|
Sprache: | English |
Veröffentlicht: |
Washington, D.C.
International Monetary Fund
2014
|
Schriftenreihe: | IMF country report
no. 14/278 |
Schlagworte: | |
Online-Zugang: | FLA01 |
Beschreibung: | "September 2014.". - "July 31, 2014"--Page 2 of pdf Online resource; title from pdf title page (IMF Web site, viewed September 16, 2014) |
Beschreibung: | 1 online resource (73 pages) color illustrations |
ISBN: | 9781498395595 1498395597 |
Internformat
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505 | 8 | |a 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 | |
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contents | 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 |
ctrlnum | (ZDB-4-EBU)ocn890657817 (OCoLC)890657817 (DE-599)BVBBV045357717 |
dewey-full | 330.9436 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330.9436 |
dewey-search | 330.9436 |
dewey-sort | 3330.9436 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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illustrated | Illustrated |
indexdate | 2024-07-10T08:15:54Z |
institution | BVB |
isbn | 9781498395595 1498395597 |
language | English |
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spelling | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation Austria, 2014 article IV consultation Washington, D.C. International Monetary Fund 2014 2014 1 online resource (73 pages) color illustrations txt rdacontent c rdamedia cr rdacarrier IMF country report no. 14/278 "September 2014.". - "July 31, 2014"--Page 2 of pdf Online resource; title from pdf title page (IMF Web site, viewed September 16, 2014) 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 International Monetary Fund fast International Monetary Fund Austria BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Banks and banking fast Debts, Public fast Economic forecasting fast Economic history fast Economic policy fast Economic forecasting Austria Banks and banking Austria Debts, Public Austria International Monetary Fund Sonstige oth Erscheint auch als Druck-Ausgabe International Monetary Fund Austria : 2014 article IV consultation-staff report; press release; and statement by the executive director for Austria Washington, District of Columbia : International Monetary Fund, 2014 58 pages IMF country report ; Number 14/278 9781498333726 |
spellingShingle | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation 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 International Monetary Fund fast International Monetary Fund Austria BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Banks and banking fast Debts, Public fast Economic forecasting fast Economic history fast Economic policy fast Economic forecasting Austria Banks and banking Austria Debts, Public Austria |
title | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_alt | Austria, 2014 article IV consultation |
title_auth | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_exact_search | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_full | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_fullStr | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_full_unstemmed | Austria 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
title_short | Austria |
title_sort | austria 2014 article iv consultation staff report press release and statement by the executive director for austria austria 2014 article iv consultation |
title_sub | 2014 Article IV Consultation: Staff Report: Press Release: and Statement by the Executive Director for Austria = Austria, 2014 article IV consultation |
topic | International Monetary Fund fast International Monetary Fund Austria BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Banks and banking fast Debts, Public fast Economic forecasting fast Economic history fast Economic policy fast Economic forecasting Austria Banks and banking Austria Debts, Public Austria |
topic_facet | International Monetary Fund International Monetary Fund Austria BUSINESS & ECONOMICS / Economics / General BUSINESS & ECONOMICS / Reference Banks and banking Debts, Public Economic forecasting Economic history Economic policy Economic forecasting Austria Banks and banking Austria Debts, Public Austria |
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