In the last two years, economic policy in Austria has been dominated by the COVID-19 crisis. Concerning its pandemic re-sponse,
compared to its international peers, Austria ranks only average, both in terms of excess mortality and economic loss-es. While
the pandemic situation is still acute, economic policy must nonetheless refocus on structural issues that are decisive for
long-term prosperity. This article highlights some aspects of the COVID-19 crisis and offers some thoughts on the transfor-mation
of the energy system and the reform of labour market institutions. The proactive design of both policy areas will be crucial
for the country's successful economic future.
JEL-Codes:E60, F40, H12, J08
Keywords:Austrian economic policy, COVID-19 crisis, labour market reforms, energy system
