Helping the Austrian business sector to cope with new opportunities and challenges
in Austria
The economic shock induced by the COVID-19 pandemic is accelerating structural changes
and is posing new challenges. Austria faces wider growth opportunities and new adjustment
challenges related notably to two major structural transformations: transition to
carbonless growth and the generalisation of more advanced forms of digitalisation.
These imply new entries and exits in the business sector, more capital and labour
re-allocations and greater geographic mobility of labour. A better activation of the
existing talent pool, in particular female, elderly and migrant workers is also needed
to address the ageing of the society. In this context public policies should aim at
further stimulating business dynamism by facilitating market entries; supporting firms’
capacity to invest by helping strengthen their balance sheets; better adapting skills
to jobs for all categories of workers; and providing the right incentives to R&D to
boost long-term innovation.
Published on April 06, 2022
In series:OECD Economics Department Working Papersview more titles