This country page is a centralised resource for the analytical work on the economy of Austria performed by DG ECFIN. It provides links to the most important pages and documents, such as the European Commission's regular economic forecasts and the country’s compliance with the Stability and Growth Pact.
The Commission publishes macroeconomic forecasts for the EU and the Member States twice a year, in the spring (May) and in the autumn (November). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN).
DG ECFIN also produces more limited "interim forecasts" in February and September, wich contain one-year projections of GDP growth and consumer price inflation for the euro area, the EU and seven large Member States.
2.1. Assessments of Austria's stability programme
As required by the Stability and Growth Pact, at the end of each year Austria submits an update of the medium-term fiscal strategy it first presented in 1998. Euro area Member States submit stability programmes while countries outside the euro area submit convergence programmes. Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on each programme.
2.2. The EU the excessive deficit procedure and Austria
2.3. The Public finance report and Austria
The Commission's annual public finance report prepared by DG ECFIN – entitled "Public Finances in EMU" – includes a chapter on Austria.
Austria is a member of the euro area. It adopted the euro from the start in 1999.
As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Austria reports each autumn on the implementation of its national reform programme (NRP).
5.1. The EU and Austria
5.2. Country Focus on Austria