|Author (Corporate)||European Commission: Secretariat General|
|Series Details||COM (2020) 500|
Communication published by the European Commission on 20 May 2020, which provides an overview of the guidelines provided to the Member States on delivering key economic policy objectives and on the adequate response to their economic and social challenges.
The Country-Specific Recommendations (CSRs) were reoriented to prioritise mitigation of the the socio-economic impact of the COVID-19 (coronavirus) pandemic and subsequent economic recovery. Therefore, the CSRs focus on two aspects. First, the immediate fiscal, economic, employment and social responses to the crisis, with specific emphasis on health related aspects. Second, the medium-term reform and investment priorities to put the economies back on track to growth, while integrating the green transition and the digital transformation.
The fiscal elements of the CSRs were adapted to take into account the activation of the general escape clause of the Stability and Growth Pact.
However, the European Commission also highlights that previous cycles of the European Semester - prior to the onset of the pandemic - also covered reforms deemed essential to address medium and long-term structural challenges, and that those challenges did not go away. Those recommendations remained pertinent and would still be subject to monitoring.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation, European Semester|
|International Organisations||European Union [EU]|