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