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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

This paper provides a summary of recent analyses of the economic, financial and budgetary developments in the EU and the Euro, notably following the Russian invasion in Ukraine and the outbreak of the war. It also highlights related policy recommendations made in the public domain to mitigate any adverse effects and support sustainable recovery.

This study is the second research paper in a series of three, commissioned for a PECH Committee Workshop. It applied the MAGNET model to quantify the impact of the EU-UK TCA on fish related sectors. The results show negative impacts on trade, production and consumption of fisheries and aquaculture products for both parties. For the EU, the biggest losses are found in the fish processing sector. The overall impact is driven by increased trade costs whereas the impact of a reduced total allowable catches ...

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. This document is regularly updated.

This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole. For each indicator, it provides a short explanation and the data sources. The final section presents a short overview of the main indicators used by the European and other international institutions to assess debt sustainability.

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 ...

This document compares key figures included in the 2022 Draft Budgetary Plans (DBPs), as submitted to the European Commission (EC) by the Euro Area Member States by mid of October 2021, with those of the autumn 2021 forecasts by the EC and the key figures included in the 2021 Stability Programmes (SPs), as submitted by the Euro Area Member States by end of April 2021, with the those of the 2021 spring forecasts by the EC. The EC is expected to adopt its opinions on the 2022 DBPs by end of November ...

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices and other transitory factors. Recent macroeconomic forecasts generally expect inflation to return to below target values next year. However, there are several factors in place that could lead to more sustained upward pressure on prices, and materialisation of these upward risks could force the ECB to take difficult choices. This paper was provided by the Policy ...

Economic Dialogue with Spain

Analiză aprofundată 09-07-2021

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Nadia Calviño, Minister of Economic Affairs and Digital Transformation in Spain, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last exchange of views with the Spanish authorities took place in November 2012, January 2014, November ...

The purpose of this document is to show the differences between some key indicators of the 2021 Stability and Convergence Programmes (SCP) of the EU Member States and the Spring 2021 economic forecast of the European Commission. 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 ...