Franklin

Austria [electronic resource] : 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2010.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 10/276.
IMF Staff Country Reports; Country Report No. 10/276
Format/Description:
Government document
Book
1 online resource (49 p.)
Local subjects:
Accounting period.
Article IV consultation reports.
Bank activities.
Bank claims.
Bank credits.
Bank customer.
Bank customers.
Bank lending.
Bank reforms.
Bank supervision.
Banking.
Banking sector.
Banking sectors.
Banking system.
Banks loan.
Capital adequacy.
Domestic banks.
Domestic demand.
Economic indicators.
Financial institutions.
Financial sector.
Financial stability.
Fiscal consolidation.
Fiscal reforms.
Foreign bank.
Foreign exchange.
Imports of goods.
Insurance companies.
National bank.
Net interest margin.
Nonfactor services.
Pension reforms.
Public debt.
Return on assets.
Return on equity.
Risk management.
Services sector.
Staff Reports.
Tier 1 capital.
Austria.
Summary:
Austria’s recession had limited effects on unemployment. Investment declined sharply but consumption helped cushion the recession, supported by tax cuts and various labor market measures together with large increases in real wages. Austria’s fiscal position has weakened significantly in recent years, although to a lesser extent than the euro area average. The authorities’ plan to embark on a decisive fiscal consolidation path is welcomed. They recognized, however, that reducing the share of foreign exchange loans, while providing continued financing to central and southeastern Europe, will be challenging.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1455205532:
9781455205530
ISSN:
1934-7685
Publisher Number:
10.5089/9781455205530.002
Access Restriction:
Restricted for use by site license.
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