OECD Economic Surveys: Austria 2019

Download or read book OECD Economic Surveys: Austria 2019 written by OECD and published by OECD Publishing. This book was released on 2019-11-13 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austrian citizens enjoy high living standards, well-being and social cohesion. Until the ongoing global slowdown, robust employment growth in the private sector kept domestic demand and investment remarkably robust. More people moved into work and inward migration has been strong. At the same time, new challenges related to social cohesion challenges have emerged, as increased skill differences in the population and diverging productivity performance across firms have generated a higher range of outcomes for job quality and market wages than in the past. Myriad entrepreneurial firms across all regions should better adapt to new megatrends of ageing, globalisation and digitalisation.