Building growth: Country-specific recommendations 2014
EU News 253/2014
Brussels, 2 June 2014
The European Commission has today adopted a series of economic policy recommendations to individual Member States to strengthen the recovery that began a year ago. The recommendations are based on detailed analyses of each country's situation and provide guidance on how to boost growth, increase competitiveness and create jobs in 2014-2015.
This year, the emphasis has shifted from addressing the urgent problems caused by the crisis to strengthening the conditions for sustainable growth and employment in a post-crisis economy. As part of today's package, which marks the culmination of the fourth European Semester of economic policy coordination, the Commission has also adopted several decisions on Member States' public finances under the Stability and Growth Pact. Taken together, they represent an ambitious set of reforms for the EU economy.
According to the Commission's analysis, sustained policy efforts at all levels in recent years have put the EU economy on much firmer ground. However, growth will remain uneven and fragile over 2014-2015, so the momentum for reform must be maintained. Over the longer term, the EU's growth potential is still relatively low: high unemployment levels and the difficult social situation will only improve slowly and the large investment gap will take time to be filled.
Source and additional information:
José Manuel Barroso, Joint press conference on the 2014 country-specific recommendations Date: 02/06/2014 Reference: P-025727/00-14 Location: Brussels - EC/Berlaymont (C)EU, 2014 URL