Publications

The Debt Sustainability Monitor 2025 provides an overview of fiscal sustainability challenges faced by EU Member States over the short, medium and long term.

This Quarterly report analyses the cyclical behaviour of risk-sharing across euro area countries, provides evidence for the usefulness of firms’ selling price expectations in forecasting HICP in the euro area and presents the key economic arguments...

This report takes stock of the tasks and capacity of independent fiscal institutions in the EU and consists of a Commission communication and a staff working document containing individual IFI fact sheets.

This paper is a compilation of the economic chapters contained in the European Commission’s 2025 Country Reports on enlargement countries.

The new European Macroeconomic Report (EMR) delves into macroeconomic risks and vulnerabilities, as well as economic challenges and opportunities for the EU and the euro area. It underpins both the Euro Area Recommendation and the Alert Mechanism Report, with the goal of simplifying...

The EU economy outperformed expectations in the first nine months of 2025, as exports were frontloaded in anticipation of tariffs and investment was stronger than anticipated.

This Quarterly report examines three policy topics: recent trends and challenges in EU tax expenditures, the effect of public defence R&D on private R&D, and the impact of monetary policy on labour supply.

This annual report presents a review of key policy developments and analytical findings in the area of public finances.

This Quarterly Report revisits some of the past euro area vulnerabilities, to assess their state of play, in a context in which the erratic policies on the other side of the Atlantic have increased pressure on the euro area to take this window or opportunity to reassert itself in the global economy.