Oecd Economic Surveys

This 2009 edition of OECD's periodic survey of Austria's economy includes chapters on the financial crisis, product and labour market reforms, and fiscal policy challenges. The special feature examines re-inventing the education system.

Executive Summary Assessment and Recommendations Chapter 1. Facing the Financial Crisis -A bleak outlook -Difficult policy challenges --Easing the monetary stance --Safeguarding financial stability --Fiscal stabilisation Chapter 2. Lifting Potential Growth through Further Product and Labour Market Reforms -Productivity growth has picked up, but the business environment could be more supportive -Labour utilisation is high but some weaknesses persist among vulnerable groups -Policy recommendations -Annex 2.A1. Government follow-ups to past OECD recommendations -Annex 2.A2. Financial and administrative incentives for labour market participation Chapter 3. Medium-Term Fiscal Policy Challenges -Institutional context and recent reforms -Fiscal consolidation challenges -Risks to long-term sustainability -Strengthening fiscal structures and institutions -Policy recommendations Chapter 4. Re-inventing the Education System -A successful education system facing crucial challenges -Important education policy initiatives were launched in recent years -Full implementation of reforms requires further systemic changes -Policy recommendations -Annex 4.A1. Austria's education system