The Economic and Social Situation in Austria

The present study gives a synthetic overview of the Austrian socioeconomic system and its recent performance. It shows that – in comparison with the other EU countries – Austria enjoys a very favourable socioeconomic position, but also that the country is confronted with considerable challenges for the future. In a further step, the study describes the Austrian model of industrial relations and social partnership, highlighting the crucial role the social partnership played in the developments since the onset of the economic crisis in 2008-09.