Economic and Financial Affairs

The Summer 2023 Economic Forecast revises growth in the EU economy down to 0.8% in 2023, from 1% projected in the Spring Forecast, and 1.4% in 2024, from 1.7%. It also revises growth in the euro area down to 0.8% in 2023 (from 1.1%) and 1.3% in 2024 (from 1.6%).

This first payment request relates to 36 milestones and five targets. These cover numerous investments, for instance in the area of jobs and skills through a work placement experience programme, a programme for green skills, and strengthening the capacity of technological universities.

Cyprus has submitted a request to the Commission to modify its recovery and resilience plan, to which it also wishes to add a REPowerEU chapter. The proposed REPowerEU chapter covers measures related to energy efficiency in buildings, the electrification of transport, and research and development in the field of the green transition.

Romania has submitted a request to the Commission to amend its recovery and resilience plan, to which it also wants to add a REPowerEU chapter. The proposed REPowerEU chapter covers reforms and investments linked to increasing green energy production, improving the energy efficiency of buildings and strengthening the skills of the production workforce of green energy.

The European Investment Bank (EIB) has signed a loan agreement worth €15 million, backed by the InvestEU programme, with CrowdFarming, an online platform for European farmers that sell directly to end-consumers. The company is based in Spain, with a strong presence in France, Germany, Austria, and Italy.

This paper looks at global trade fragmentation from an EU perspective.

This paper presents an integrated framework for the financial assessment of different types of common sovereign debt instruments.

This paper analyses two central elements of the ECB’s 2021 monetary policy strategy review in an estimated open-economy structural macroeconomic (DSGE) model of the euro area: (1) explicit symmetry of the 2% inflation target, and (2) commitment to persistent monetary accommodation when interest rate are close to the lower bound.

The paper quantifies the potential macroeconomic impact of structural reforms in the EU Member States employing a benchmarking approach, closing half the observed gaps in structural indicators.

This paper compares post-COVID growth and inflation dynamics in the euro area and the US using an estimated macro model.