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This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions

The negative impact of the Covid-19 crisis on women's social and economic situation triggered a debate on the urgent need for a gender-sensitive policy response to the pandemic. In this context, the establishment of the Recovery and Resilience Facility (RRF) – the EU's biggest financial instrument supporting recovery in the Member States – is an opportunity to channel extraordinary resources toward measures that take into account the principles of gender equality. It is also a chance to put into ...

This paper aims to support the scrutiny of the national Recovery and Resilience Plans and its implementation by providing an overview of EU stakeholders, other relevant institutions and bodies’ assessments/opinions related to these plans, including specific monitoring activities by think tanks and civil society organisations. Furthermore, it includes a summary of the Commission assessments of the overall involvement of stakeholders in the recovery and resilience plans. The paper will be regularly ...

To address the consequences of the coronavirus pandemic, the EU has put in place an unprecedented temporary recovery instrument, Next Generation EU (NGEU). Its main spending tool is the Recovery and Resilience Facility, worth €723.8 billion (in current prices). While EU countries differ both in terms of their pre-coronavirus situations and in terms of Covid-19-related impacts, they can all seize the opportunity to kick-start their economies with this financial injection. To access funding under the ...

This note looks at the 2022 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. It also provides an overview of the follow up of the 2021 recommendations, making use of public information and based on proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. In addition, the note provides a review of the euro area recommendations from an institutional perspective ...

Uncertainty is growing over the recovery of the European economy from the recession generated by the Covid-19 pandemic. The European Commission has painted an optimistic growth scenario in its most recent forecast, with the economy expected to expand by 5 per cent and 4.3 per cent in 2021 and 2022 respectively. However, an increasing number of analysts see the potential for growth dampened by new restrictions in the run-up to Christmas this year given a fourth/fifth wave of the pandemic currently ...

The 2021 G20 Summit, to be held in Rome on 30 and 31 October, was expected to bring together the major economies' leaders in a physical meeting for the first time since the pandemic began. However, several leaders (of Russia, Japan, Mexico and China) have announced that they will not attend in person, limiting opportunities to hold informal bilateral meetings in the margins of the summit. Important decisions designed to put the global economy and society on course towards a greener and more sustainable ...

This document presents: • The 2019 Country-Specific Recommendations (CSRs) adopted by the Council, in the framework of the European Semester, on 9 July 2019 (on the basis of European Commission proposals of 5 June 2019). • The European Commission’s assessments of the implementation of the 2019 CSRs based on its Country Reports published on 26 February 2020. • The 2020 CSRs adopted by the Council, in the framework of the European Semester, on 20 July 2020 (on the basis of European Commission proposals ...

This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, ...

Since the beginning of 2021, Member States and EU institutions have been preparing intensively to launch the recovery instrument, Next Generation EU (NGEU). In order to make this unique financial stimulus package fully operational, many conditions have needed to be met and preparatory steps completed. First, preparations have been ongoing for the spending of the biggest part of NGEU (90 %) under the Recovery and Resilience Facility (RRF). This process includes the drawing up of national recovery ...