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This infographic examines some economic differences and similarities among countries of the Gulf region and the EU, like GDP growth, GDP per capita and female labour force participation rate. In terms of trade, the Gulf region stands already as an important source of oil and gas for the EU, these products contributing almost two-third of total imports of the latter from the Gulf region.

The Covid-19 pandemic was a severe blow to EU Member States. Thanks to rapid and resolute responses at Member State and EU level, the economic impact of the pandemic was less severe than initially forecast and – at least until early 2022 – the economy seemed on the way to recovery. New challenges, both external (such as Russia’s war on Ukraine) and internal (such as inflation) could jeopardise this, however. In its Spring 2022 Economic Forecasts, the European Commission has revised the EU’s growth ...

Japan: Economic indicators and trade with EU

Εν συντομία 17-02-2022

The economies of Japan and of the EU followed similar trends in 2020, a year marked by the Covid-19 pandemic. Both economies faced shrinking GDP, growing unemployment, rising public debt, while inflation stayed moderate and the exchange rate remained stable. Although there was a fallback in trade between the two blocks, the EU ranked as third on the list of top trade partners of Japan (trade in goods), while the latter was the seventh biggest trade partner of the EU. Mechanical appliances and electrical ...

Offering an overview of the economic and budgetary situation in the EU and beyond, and summarising the main economic indicators in the EU and euro area and their two-year trends, this study is the sixth in an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS). In seven chapters, the authors of the publication explain and analyse the EU annual budget and give an overview of its headings for 2022, all within the wider budgetary context of the EU’s post-2020 Multiannual ...

The SURE: Implementation

Briefing 20-10-2021

Council Regulation 2020/672 established SURE, the European instrument for temporary support to mitigate unemployment risks in an emergency, which has been in force since 20 May 2020. This note provides an overview in tabular format of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.

Inflation on the Upswing - Just a Hiccup or a Trend Reversal After All?

Λεπτομερής ανάλυση 13-09-2021

Although energy price volatility has recently been the largest contributor to movements in the headline inflation rate, there are other factors indicating that inflation in the euro area will remain elevated in the months ahead. However, most of them have only a temporary effect. A major risk to the further development of inflation is a rise in inflation expectations, which should be monitored critically. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life ...

The coronavirus pandemic in Latin America

Εν συντομία 28-04-2021

Latin America is among the world's regions worst affected by Covid-19, and its economies, employment and even human rights are already suffering seriously, and are expected to continue to do so. Governments and international organisations, including the EU, are making efforts to mitigate the consequences, but the results remain uncertain. This is an update of an 'At a glance' note from October 2020.

This briefing is preceding a broader study on “Fighting poverty and social exclusion (incl. minimum income schemes)” requested by the EMPL committee in view of a possible Union framework on minimum income protection. The briefing provides an institutional perspective on minimum income schemes (MIS) in Member States and their different roles and scope within national social protection systems. It also further examines the EU monitoring framework and points to shortcomings and gaps on the roadway to ...

The SURE: Main Features

Λεπτομερής ανάλυση 26-02-2021

This document presents the main features of the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) and compares such facility with other financial assistance instruments that were already available in the European Union. It also highlights the differences between the Commission proposals and the final version agreed in Council. This note updates a previous version.

The current coronavirus pandemic and its accompanying health and economic crises have highlighted and heightened certain trends and challenges which were already affecting the labour market in Europe. These include accelerated digitalisation and automation, increased use of artificial intelligence, constraints relating to a lack of digital skills, and problems concerning the status of platform workers and other workers in non-standard forms of employment. In parallel, there has been an unprecedented ...