04828oam 22013454 450 991016503400332120230809222747.01-4755-7326-X1-4755-7344-8(CKB)3710000001064769(MiAaPQ)EBC4807076(IMF)1AUTEA2017001(EXLCZ)99371000000106476920020129d2017 uf 0engurcnu||||||||rdacontentrdamediardacarrierAustria : 2016 Article IV Consultation-Press Release; and Staff Report for AustriaWashington, D.C. :International Monetary Fund,2017.1 online resource (52 pages) color illustrations, tables, graphsIMF Staff Country Reports1-4755-7316-2 This 2016 Article IV Consultation highlights that the economic recovery in Austria has strengthened in 2016. GDP growth in 2016 is estimated at 1.4 percent, an improvement over the average growth of 0.6 percent in 2012–15. Growth has been broad-based, driven by private consumption supported by income tax cuts, a recovery in investment, and higher public consumption owing to spending on refugees. Employment growth has picked up as well. The outlook for 2017 appears similarly robust, while in the medium term growth would decline toward its potential rate, which IMF staff estimate at slightly higher than 1 percent. Risks to the outlook are mainly external, with limited likely impact overall.IMF Staff Country Reports; Country Report ;No. 2017/026Banks and BankingimfLaborimfMacroeconomicsimfPublic FinanceimfReal EstateimfData Transmission SystemsimfLabor Economics: GeneralimfFiscal PolicyimfDebtimfDebt ManagementimfSovereign DebtimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfLabor Standards: Labor Force CompositionimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfNational Government Expenditures and Related Policies: GeneralimfLabourimfincome economicsimfBankingimfPublic finance & taxationimfProperty & real estateimfData capture & analysisimfPublic debtimfLabor force participationimfFiscal stanceimfExpenditureimfLabor economicsimfFiscal policyimfDebts, PublicimfBanks and bankingimfLabor marketimfEconomic theoryimfExpenditures, PublicimfAustriaEconomic conditionsAustriaEconomic policyAustriaimfBanks and BankingLaborMacroeconomicsPublic FinanceReal EstateData Transmission SystemsLabor Economics: GeneralFiscal PolicyDebtDebt ManagementSovereign DebtBanksDepository InstitutionsMicro Finance InstitutionsMortgagesLabor Standards: Labor Force CompositionEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityNational Government Expenditures and Related Policies: GeneralLabourincome economicsBankingPublic finance & taxationProperty & real estateData capture & analysisPublic debtLabor force participationFiscal stanceExpenditureLabor economicsFiscal policyDebts, PublicBanks and bankingLabor marketEconomic theoryExpenditures, Public330.943600112DcWaIMFBOOK9910165034003321Austria674739UNINA