01928cas a2200301 a 4500 AALejournalIMF021952 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513596600 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Austria : 2021 Article IV Consultation-Press Release; Staff Report; Staff Supplementary Information; and Statement by the Executive Director for Austria. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (71 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Austria entered the crisis from a strong position. Prudent policies prior to the pandemic provided significant policy space. Several lockdowns helped contain the virus but significantly impaired the economy. Real GDP contracted by 6.3 percent in 2020 and declined further in early 2021. The 2021 recovery is expected to be modest; the tourism and hospitality sectors will continue to be affected. Over the medium term, growth will accelerate in 2022 and then stabilize at potential, but the output level will remain somewhat below the pre-COVID trend. Uncertainty remains high. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Austria imf IMF Staff Country Reports; Country Report ; No. 2021/203 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/203/002.2021.issue-203-en.xml IMF e-Library