Austria's economic policy at the turn of the year. Review and challenges in the future

Austria's economic policy faces major challenges. The lack of a government with a majority in parliament between the end of May 2019 and the beginning of 2020 led to a forced pause in political work, which further postponed reforms into the future. The aim of this article is to present an overview of the challenges for future economic policy, starting with a review of the central issues of the past year. In contrast to the usual contributions in the WIFO-Monatsberichte (monthly reports), a primarily qualitative approach is chosen – the quantitative empirical evidence is referred to the references.