Oecd Economic Surveys Austria 2017

Austria is a stable and wealthy economy and growth has picked up following the 2016 tax reform and the recovery of export demand. Employment has expanded, driven by rising participation of women and elderly and by immigration, although hours worked per worker have declined.

Austria is a stable and wealthy economy and growth has picked up following the 2016 tax reform and the recovery of export demand. Employment has expanded, driven by rising participation of women and elderly and by immigration, although hours worked per worker have declined. Nonetheless, like in most OECD countries, productivity has slowed. Boosting potential growth requires reforms in a broad range of areas. Austria’s transition to a digital economy and society is progressing but is slower than in the most advanced economies. A whole-of-government approach should help embrace change and facilitate the flourishing of innovative businesses, work practices and lifestyles throughout Austria. Digitalisation will redesign production processes and alter the relationships between work and leisure, capital and labour, the rich and the poor, the skilled and the unskilled. Under the aegis of the “Digital Roadmap” they issued earlier in 2017, policy makers will need to ensure equality of opportunities in the race with technology, and find the appropriate level of redistribution of the gains associated with digitalisation to foster social cohesion. SPECIAL FEATURES: DIFFUSING DIGITAL INNOVATIONS; LABOUR MARKETS IN THE DIGITAL ERA

This 1997 edition of OECD's periodic economic reviews of Austria includes chapters covering recent developments and prospects; monetary, exchange rate and fiscal policies; health care; and implementing the OECD Jobs Strategy.

This 2005 edition of OECD's periodic survey of Austria's economy finds two challenges needing attention: first, fiscal peformance must be improved reducing government debt and improving fiscal federal relations and second, growth is held back by low participation of older workers.

OECD's 2013 Economic Survey of Austria examines recent economic developments, policies and prospects. This issue's special chapters cover long-term well-being.

The French economy rebounded quickly following the COVID-19 crisis, in particular thanks to the acceleration of the vaccination campaign and strong public support measures. Rapid and effective implementation of the recovery and investment plans would help support stronger and more sustainable growth.

This 2015 OECD Economic Survey of Austria examines recent economic developments, policies and prospects. Special chapters cover gender equality.