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The Macroeconomic Imbalance Procedure – Overview

14-05-2019

The Macroeconomic Imbalance Procedure (MIP) is a policy tool introduced within the reinforced economic governance framework adopted in 2011. The MIP aims at preventing and correcting macroeconomic imbalances in Member States, with specific attention to imbalances with potential spillovers effects on other Member States.

The Macroeconomic Imbalance Procedure (MIP) is a policy tool introduced within the reinforced economic governance framework adopted in 2011. The MIP aims at preventing and correcting macroeconomic imbalances in Member States, with specific attention to imbalances with potential spillovers effects on other Member States.

The European Semester: Main Steps at the EU Level

07-05-2019

A short description of the European Semester, its actors and the main steps.

A short description of the European Semester, its actors and the main steps.

Country-specific recommendations: An overview (April 2019)

02-05-2019

This note provides an overview of the country-specific recommendations issued annually to EU Member States under the European Semester for economic policy coordination. It looks how these recommendations evolved over time, including from the legal base perspective. Finally, it discusses how recommendations were implemented over the 2012-2018 European Semester cycles. The note is updated on a regular basis.

This note provides an overview of the country-specific recommendations issued annually to EU Member States under the European Semester for economic policy coordination. It looks how these recommendations evolved over time, including from the legal base perspective. Finally, it discusses how recommendations were implemented over the 2012-2018 European Semester cycles. The note is updated on a regular basis.

The role of national fiscal bodies. State of play - April 2019

30-04-2019

This briefing provides an overview of the role played by independent national fiscal bodies in the preparations of forthcoming budgets in EU Member States.

This briefing provides an overview of the role played by independent national fiscal bodies in the preparations of forthcoming budgets in EU Member States.

Expected Unemployment Rate for 2019 in EU Member States

25-04-2019

The map below shows the 2019 expected unemployment rate based on the European Commission’s autumn 2018 forecast; the data will be updated on regular basis once new forecasts will be available.

The map below shows the 2019 expected unemployment rate based on the European Commission’s autumn 2018 forecast; the data will be updated on regular basis once new forecasts will be available.

The Legal Nature of Country Specific Recommendations

12-04-2019

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities adopted by the European Council based on the Annual Growth Survey. The Council also adopts policy recommendations ...

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities adopted by the European Council based on the Annual Growth Survey. The Council also adopts policy recommendations to the euro area as a whole in accordance with Article 136 of the Treaty on the Functioning of the European Union (TFEU) following a COM proposal.

Selected Euro Area Macroeconomic Indicators

10-04-2019

This table prepared by the Economic Governance Support Unit includes Euro Area key indicators and latest forecasts from the Commission, IMF, ECB and OECD.

This table prepared by the Economic Governance Support Unit includes Euro Area key indicators and latest forecasts from the Commission, IMF, ECB and OECD.

Expected real GDP growth for 2019 in EU Member States

01-04-2019

The map below shows the 2019 expected real Gross Domestic Product growth based on the European Commission’s winter 2019 interim forecast; the data will be updated on regular basis once new forecasts will be available.

The map below shows the 2019 expected real Gross Domestic Product growth based on the European Commission’s winter 2019 interim forecast; the data will be updated on regular basis once new forecasts will be available.

External author

New edition 2016

Implementation of Macroeconomic Imbalance Procedure - State-of-Play (March 2019)

28-03-2019

This note presents the Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by other institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

This note presents the Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by other institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

Implementation of Country Specific Recommendations under the MIP - March 2019

27-03-2019

This note provides an overview of the implementation rate of Country-Specific Recommendations (CSRs) issued under the Macroeconomic Imbalance Procedure (see a separate EGOV note for details on the MIP procedure). Figures presented in this overview refer only to Member States experiencing macroeconomic imbalances and are based on the implementation assessments performed by the Commission in its annual Country Reports.

This note provides an overview of the implementation rate of Country-Specific Recommendations (CSRs) issued under the Macroeconomic Imbalance Procedure (see a separate EGOV note for details on the MIP procedure). Figures presented in this overview refer only to Member States experiencing macroeconomic imbalances and are based on the implementation assessments performed by the Commission in its annual Country Reports.

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