The European economy is now entering its fourth year of recovery and growth continues at a moderate rate, driven mainly by consumption. At the same time, much of the world economy is grappling with major challenges and risks to European growth are therefore increasing. The Commission's winter forecast shows that the overall growth outlook has changed little since the autumn but that the risk that growth could turn out worse than forecast has risen, mainly as a result of external factors. In the euro area, growth is projected to increase to 1.7% this year from 1.6% last year, and to climb to 1.9% in 2017. EU economic growth is forecast to remain stable at 1.9% this year and rise to 2.0% next year.
Following a positive opinion by the Schengen evaluation committee on Friday, om Tuesday 2 February the College of Commissioners adopted the Schengen Evaluation Report on Greece and a proposal for a Council Recommendation on addressing the serious deficiencies identified in the evaluation report on the application of Schengen rules in the field of management of the external borders by Greece. The recommendations will be submitted to the Council for adoption.