{"id":136698,"date":"2023-05-25T12:19:06","date_gmt":"2023-05-25T10:19:06","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=136698"},"modified":"2023-05-25T12:20:14","modified_gmt":"2023-05-25T10:20:14","slug":"policy-guidance-under-the-european-semester","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/policy-guidance-under-the-european-semester\/","title":{"rendered":"Policy guidance under the European Semester"},"content":{"rendered":"

The Commission is today providing guidance to Member States under the 2023\u00a0European Semester Spring Package<\/strong>\u00a0to\u00a0build a robust and future-proof economy<\/strong> that secures competitiveness and long-term prosperity for all in the face of a challenging geopolitical environment.<\/p>\n

\"Primer<\/a><\/p>\n

This requires an\u00a0integrated approach<\/strong>\u00a0across all policy areas<\/strong>: promoting environmental sustainability, productivity, fairness, and macroeconomic stability. The European Semester provides the policy coordination framework for that purpose, embedding the implementation of the Recovery and Resilience Facility (RRF) and cohesion policy programmes. The European Semester cycle also provides updated reporting on progress towards the\u00a0delivery of the Sustainable Development Goals<\/strong>\u00a0across Member States.<\/p>\n

An improved outlook amid persistent challenges<\/strong><\/p>\n

The European economy continues to show\u00a0resilience<\/strong>\u00a0in a\u00a0challenging global context<\/strong>.<\/p>\n

Lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023, dispelling fears of a recession. At the same time, while inflation keeps declining, core inflation has firmed, prompting further tightening of financial conditions.<\/p>\n

The\u00a0Spring 2023 Economic Forecast<\/a>\u00a0projects that the EU economy will grow by 1.0% in 2023 and 1.7% in 2024. EU inflation is projected at 6.7% in 2023 and 3.1% in 2024.<\/p>\n

Employment growth is forecast at 0.5% this year, before edging down to 0.4% in 2024. The unemployment rate is projected to remain just above 6%.<\/p>\n\n\n\n
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Spring 2023 Economic Forecast
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Effective implementation of Recovery and Resilience Facility and cohesion policy: crucial drivers of a robust and future-proof EU economy<\/strong><\/p>\n

Two years into its implementation, the RRF \u2013 at the heart of the \u20ac800 billion\u00a0NextGenerationEU<\/a>\u00a0recovery plan for Europe – continues to accelerate a fair and inclusive green and digital transition in every Member State, strengthening the resilience of the EU as a whole. The European Semester embeds the implementation of the RRF, and of cohesion policy programmes in a complementary way, and provides policy guidance to Member States on key economic and social challenges.<\/p>\n

With all national recovery and resilience plans in place and 24 payment requests processed to date, the\u00a0Commission has disbursed over \u20ac152 billion<\/strong>\u00a0under the Facility for the successful implementation of key reforms and investments. Member States should\u00a0continue<\/strong>\u00a0the\u00a0implementation momentum<\/strong>\u00a0of their\u00a0plans\u00a0<\/strong>and\u00a0proceed\u00a0<\/strong>with the\u00a0swift implementation of cohesion policy programmes<\/strong>. Member States should continue their progress to decarbonise the EU’s economy and industrial base, address labour and skills shortages and mismatches, support the creation of quality jobs, scale up research and innovation, and create the conditions to secure the EU’s long-term prosperity, competitiveness, fairness and resilience. The inclusion of\u00a0REPowerEU chapters<\/strong>\u00a0in Member States’ plans, coming with additional funding, will help address the EU’s challenges in energy security and accelerate the shift towards clean energy supplies and a net-zero economy.<\/p>\n

Targeted recommendations to Member States to support the green and digital transitions and enhance competitiveness<\/strong><\/p>\n

The 2023\u00a0country reports<\/strong>\u00a0take stock of the specific socio-economic challenges in every Member State, including those related to the twin transitions and competitiveness, and outline to what extent these are being addressed in the countries’ recovery and resilience plans. The Commission proposes\u00a0country-specific recommendations<\/strong>\u00a0to provide guidance to Member States on how to tackle key economic and social challenges that are only partially or not addressed in their recovery and resilience plans. These recommendations will also help implement the\u00a0Green Deal Industrial Plan<\/a>.<\/p>\n\n\n\n
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RECOMMENDATION on the 2023 National Reform Programme of Spain and delivering a Council opinion on the 2023 Stability Programme of Spain<\/a><\/h4>\n

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The country-specific recommendations are divided into four parts:<\/p>\n