Economic and Financial Affairs

Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn. The Winter interim Forecast lifts the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area.

The Commission has disbursed a second payment of €1.8 billion to Portugal under the Recovery and Resilience Facility. The disbursement was made possible by Portugal's fulfillment with the 20 milestones and targets linked to the second tranche.

The Eurogroup meeting discussed recent developments in the energy markets, labour markets, macroeconomic and financial developments, and policy coordination in the euro area.

The Commission has today signed an agreement with the European Bank for Reconstruction and Development (EBRD) to provide up to €60 million in advisory support to infrastructure, digitalisation and innovative investment projects in its EU countries of operation under the InvestEU programme.

This edition of the QREA focusses on technical topics that are at the core of the Commission’s recent proposals for the reform of the EU economic governance framework.

Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn and is now set to narrowly avoid the recession that was anticipated for the turn of the year.

This paper investigates how national fiscal rules have supported numerical compliance with EU fiscal rules.

This Discussion Paper reviews approaches to conceptualising the contribution of natural capital to economic processes, explores their empirical implementation and suggests next steps for the modelling of natural capital in production functions.

The paper offers a first attempt to track the sustainability performance of the Public Development Banks and Institutions in Europe and their contribution to the alignment of EU Member States to the Sustainable Development Goals.