Economic Policy in Austria

The EU single market, introduction of a common currency, expansion of the European Union (EU), increasing internationalisation of the economy and rapid structural change have dominated and fundamentally changed the Austrian economic policy framework and opportunities for action in previous years.
Fiscal and structural policy are coordinated across the EU, but nevertheless remain to a great extent the responsibility of individual states. These two areas - together with European monetary policy - are critically important for ensuring growth, employment and competitiveness.