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EU economic situation

Economic policy is geared towards creating steady growth and more jobs in the EU. It addresses both immediate and longer-term challenges in areas such as public finances, macroeconomic imbalances and competitiveness, as well as the impacts of long-term trends such as population ageing and globalisation.

The 2015 European Semester kicked off last November with the Annual Growth Survey, which outlined the new Commission's three-pillar jobs and growth strategy: boosting investment, accelerating structural reforms and pursuing responsible, growth-friendly fiscal consolidation.

Country-specific recommendations

In May 2015, the Commission published the country-specific recommendations for each Member State, along with an overarching Communicationpdf(191 kB) Choose translations of the previous link  on how to strengthen and sustain the recovery, and how the streamlined European Semester is implemented. The recommendations build on

  1. the country reports presented in February (see table below);
  2. a thorough assessment of every Member State's plans for sound public finances (Stability or Convergence Programmes) and policy measures to boost jobs and growth (National Reform Programmes); and
  3. the outcome of the dialogue with Member States and other key stakeholders.

In February 2015, the Commission published a series of country reports analysing Member States' economic policies, which are summarised in a Communication. The reports include in-depth reviews of macro-economic imbalances in 16 countries.

Country reports published on 26 February 2015.

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