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The Covid-19 pandemic contributed to the continuous slowdown of China's economy, from two-digit growth rates witnessed in the past to a 'new normal' growth rate of 'only' 5.7% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has ...

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than optical instruments? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration ...

Australia was the world's 13th largest economy in 2018, with growth in gross domestic product (GDP) at 2.9 %. It has a strong and dynamic relationship with the EU. Negotiations for a free trade agreement between Australia and the EU were formally launched in June 2018. In 2018, Australia was the EU's 19th largest trading partner, with a 1.2% share of the EU's total trade. Further information on EU-Australia trade relations, such as the composition of trade between the two partners, can be found in ...

European business statistics

Briefing 15-01-2020

In the context of the work of reviewing the fitness of current regulations (REFIT), the Commission has decided to amend Regulation (EC) No 184/2005 and repeal 10 legal acts in the field of business statistics. The aim is to reduce the administrative burden for businesses, especially SMEs, and to put an end to legal fragmentation in the field of European business statistics. The Commission is proposing to establish a common legal framework for the development, production and dissemination of European ...

The purpose of this document is to show the differences between some key indicators of the 2019 Stability Programmes (SP) of the Euro Area Member States and the spring 2019 forecast of the European Commission (EC). In accordance with Art. 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) Commission ...

Living in the EU: The Economy

At a Glance 30-04-2019

While economic policies are mainly managed at national level, the European Union (EU) and its Member States (MS) annually coordinate national economic policies, budget, and macroeconomic as well as structural reforms within the European Semester. To design economic policies that shape European wellbeing, measuring the prosperity of people and MS is an important starting point for responses to the financial and economic crises that have strongly affected debt levels and the sustainability of public ...

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further ...

This overview of the transport and tourism sectors in Belgium, France and the Netherlands was prepared to provide information for the Committee on Transport and Tourism.

On 14 June 2018, the European Commission published a proposal for a regulation establishing the Instrument for Pre-accession Assistance (IPA) III as part of a set of external action instruments under the new 2021 to 2027 multiannual financial framework (MFF). The proposed financial envelope represents a 1.1 % decrease compared with current funding (€12.9 billion in 2018 prices). Beneficiaries include the Western Balkan countries and Turkey. The IPA, set up for the 2007 to 2013 MFF, aims to prepare ...

The ESP 2013-2017 is ‘the legal framework for the development, production and dissemination of European statistics’. The European Commission is of the view that the current statistical infrastructure is not flexible enough and that the European Statistical System partnership does not yet deliver sufficient cost savings because of lack of investment. That is why, in line with the ten priorities of the Juncker agenda, it proposed an extension of the current programme, additional funding, and modifications ...