OECD Economic Surveys : Austria 2022.

OECD Economic Surveys Austria 2022.

Austria is set to overcome the COVID-19 shock and its economic scars with the help of genuine sanitary, health and economic support policies. The country faces the opportunities and the challenges of two major structural transformations: transition to a net zero emission economy, and the generalisat...

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Detalles Bibliográficos
Autor principal: Organization for Economic Cooperation and Development.
Autor Corporativo: Organization for Economic Cooperation and Development (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2022.
Colección:OECD Economic Surveys: Austria
Materias:
Austria > Economic conditions.
Austria > Economic policy.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009703575206719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Table of contents
  • Basic statistics of Austria, 2020
  • Executive Summary
  • The recovery has been strong until a resurgence in the pandemic
  • Moving to a greener economy
  • Social cohesion requires decisive policy action
  • Fostering productivity gains
  • 1 Key policy insights
  • The pandemic hit Austria hard, requiring to adjust the sharing of health responsibilities across levels of government
  • The containment policy mix displayed certain specificities
  • Differences between Länder and preliminary lessons from the management of the pandemic
  • Macroeconomic outlook and risks
  • The recovery has started strong
  • Supply bottlenecks
  • Inflation pressures
  • Housing and banking sector risks
  • Economic and social supports are being adapted to the recovery
  • A comprehensive support package
  • Transition policies out of the pandemic
  • The tourism sector is facing particular challenges
  • Consequences and outlook for public finances
  • Important structural changes are pending after the pandemic
  • The intended fast shift to carbon neutrality will have important economic impacts
  • Emission regulations
  • Carbon prices
  • Emission saving technologies and investments
  • Mitigating social impacts
  • Social cohesion is under pressure
  • Austria entered the pandemic with a high degree of social cohesion with certain weaknesses
  • The pandemic has exacerbated existing vulnerabilities on the labour market
  • Re-integrating the long-term unemployed
  • Better supporting the free-lancers and the self-employed
  • Re-addressing gender inequalities
  • Boosting the inclusion of low-skilled immigrants and their children
  • Public sector reforms become more compelling
  • Handling the fiscal costs of ageing
  • Pensions
  • Health spending
  • Long-term care
  • Fiscal implications of the transition to a greener and digitalised economy.
  • Strengthening public governance, integrity and trust
  • Illustrative medium-to-long term growth scenarios and policy recommendations
  • References
  • 2 Helping the business sector to cope with new opportunities and challenges
  • COVID-19 induced structural change, adaptation to climate change and population ageing pose challenges to the Austrian growth model
  • COVID-19 will accelerate structural change
  • The Austrian growth model has proven successful
  • Within-sector improvements are a key driver for this success
  • Fostering Austria's digitalisation potential
  • Adapting to climate change will transform the business sector
  • The population is ageing
  • Adapting business framework conditions to promote productivity growth, an efficient allocation of resources and investments
  • Productivity growth before the pandemic has slowed down
  • More vibrant service markets would spur productivity growth
  • Austria has a well-functioning insolvency and restructuring system
  • Stimulating the adoption of key digital technologies
  • Relatively low business dynamism constrains the diffusion of digital technologies
  • The adoption of digital technologies lags behind innovation leaders
  • Better access to high-speed broadband and improving digital skills promise large gains
  • Strengthen digital security
  • Reinvigorating investments for a resilient recovery
  • Investment in intangible assets lags behind top performers
  • Corporate balance sheets have weakened
  • The capital structure of Austrian businesses risks constraining investment
  • Tax incentives to stimulate equity financing
  • Making the most out the available pool of talent
  • Structural change will require a more efficient allocation of labour
  • Ageing risks exacerbating labour market mismatches
  • Underutilised labour resources need to be better mobilised
  • Upgrading and adjusting skills.
  • A lack of geographical mobility impedes a better allocation of workers to jobs
  • Fostering knowledge creation and R&amp
  • D to boost innovation
  • Innovative activity is concentrated in well-established sectors but not diversified enough
  • References.

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