2017 European Semester: Assessment of progress on structural reforms, prevention and correction of macroeconomic imbalances, and results of in-depth reviews

Summary:

Europe’s recovery from the economic crisis is steady and is supporting positive labour market trends. The 2017 Annual Growth Survey priorities are being put into action by Member States. The recovery is the result of an accommodative monetary policy, a broadly neutral aggregate fiscal stance, pro-growth fiscal adjustment and the impact of structural reforms. It is supported by stronger confidence among businesses and consumers about the economic outlook. The disbursement of the European Structural and Investment Funds and the projects being rolled out under the Investment Plan for Europe are helping to mobilise private and public investment. Employment is growing in almost all Member States, unemployment is falling and long-term and youth unemployment rates are gradually receding. However, high unemployment, poverty and inequality remain key concerns in some countries, and socioeconomic convergence across the EU has yet to resume fully. Productivity growth has improved but differs considerably between Member States and overall remains at low levels. To secure the recovery, all policy tools — monetary, fiscal and structural — need to be used to strengthen growth, investment and financial stability.

• Primary Source

ESO Records

Commission releases its European Semester Winter Package http://www.europeansources.info/record/commission-releases-its-european-semester-winter-package/

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