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