The EU economy began 2025 on a somewhat stronger footing than anticipated. It is projected to keep growing at a modest rate this year, with growth expected to pick up in 2026, despite heightened global policy uncertainty and trade tensions. The Commission’s Spring 2025 Economic Forecast projects real GDP to grow by 1.1% in 2025 […]
European Semester Spring Package provides policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances
The Commission is providing policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging geopolitical environment. The EU is determined to take further steps to enhance its long-term competitiveness, […]
Spring 2024 Economic forecast for Spain
Economic activity in Spain is expected to grow at 2.1% in 2024 and 1.9% in 2025 driven by domestic demand and sustained by continued labour market resilience. The implementation of the Recovery and Resilience Plan (RRP) is set to underpin investment growth over the forecast horizon. Headline inflation is projected to maintain its downward trend […]
Policy guidance under the European Semester
The Commission is today providing guidance to Member States under the 2023 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness and long-term prosperity for all in the face of a challenging geopolitical environment. This requires an integrated approach across all policy areas: promoting environmental sustainability, productivity, fairness, and macroeconomic stability. The European Semester provides […]
Spring Economic forecast for Spain
Following strong expansion in 2022, economic activity is expected to slow down in 2023. Labour market resilience and the implementation of the Recovery and Resilience Plan (RRP) are set to sustain growth, which is forecast to accelerate further in 2024. Headline inflation is projected to moderate on the back of to lower energy prices. The […]
EU guidelines on tax policy
In its 2022 European Semester spring package, the European Commission has provided Member States with support and guidance on tax policy. Fiscal policy guidance The activation of the general escape clause of the Stability and Growth Pact in March 2020 allowed Member States to react swiftly and adopt emergency measures to mitigate the economic and […]
European Semester Spring Package 2022
The European Commission’s 2022 European Semester Spring Package provides Member States with support and guidance two years on from the first impact of the COVID-19 pandemic and in the midst of Russia’s ongoing invasion of Ukraine. The Spring 2022 Economic Forecast projects the EU economy to continue growing in 2022 and 2023. However, while the EU economy […]