Last update: 12/07/2011

Economic forecasts for Ireland

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.

>> Macroeconomic forecasts and interim forecasts

Monitoring the budgetary situation in Ireland

1. Assessments of Ireland's stability programme

As required by the Stability and Growth Pact, at the end of each year Ireland 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.

>> All programmes of Ireland, Commission assessments, Council opinions, working documents

2. The EU the excessive deficit procedure and Ireland

>> Excessive deficit procedure for Ireland
>> Related articles. Stability and Growth Pact

3. The Public finance report and Ireland

The Commission's annual public finance report prepared by DG ECFIN – entitled "Public Finances in EMU" – includes a chapter on Ireland.

EU financial assistance

>> Financial and economic support package for Ireland - detailed information

Ireland and the euro

Ireland is a member of the euro area. It adopted the euro from the start in 1999.

>> The euro area
>> Ireland and the euro

Ireland and economic policy coordination in the EU

As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Ireland reports each autumn on the implementation of its national reform programme (NRP).

>> National reform programme and Commission assessment

ECFIN publications and Ireland

1. The EU and Ireland

>> Economic Adjustment Programme for Ireland—Summer 2011 Review (Occasional Paper 84/2011)
>> The Economic Adjustment Programme for Ireland (Occasional Paper 76/2011)
>> EMU@10: successes and challenges after 10 years of Economic and Monetary Union (European Economy 2/2008)

2. Country Focus on Ireland

>> Ireland's housing market: bubble trouble (Country Focus 9/2008. September 2008)
>> Ireland: no place like (my own) home? (Country Focus 13/2006. October 2006)
>> The 'Celtic Tiger' learns to purr (Country Focus 18/2004. November 2004)