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OECD Calls for Reforms and Increased Efficiency

Politics ♦ Published: July 11, 2011; 15:32 ♦ (Vindobona)

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The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.

OECD Calls for Reforms and Increased Efficiency / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

The Organisation for Economic Co-operation and Development (OECD) on Monday published its Economic Survey of Austria. According to the report, the Austrian economy has weathered the crisis well on the back of an export-led recovery. The GDP growth rate is forecast to decline from 2.9% this year to 2.1% in 2012; the unemployment rate is expected to fall to 4.0%. In the first quarter of…