European Semester Autumn Package: Working for a stronger and more inclusive economic recovery

EU News 369/2016

Brussels, 16 November 2016

The Commission today sets out its views on the EU's economic and social priorities for the year ahead, building on the guidance from President Juncker's 2016 State of the Union address and on the latest economic data from the Commission's Autumn 2016 Forecast. Today's package starts the 2017 cycle of economic governance, the so-called European Semester.

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Europe is experiencing a fragile but relatively resilient and job-intensive recovery. Its GDP is now higher than before the crisis. Unemployment is decreasing and investment is growing again. However, there is no room for complacency. Some of the tailwinds that have supported the recovery so far are fading. The legacies of the crisis, notably the social impact, high levels of public and private debt, and the share of non-performing loans, are still far-reaching.

Source and additional information:
http://europa.eu/rapid/press-release_IP-16-3664_en.htm?locale=en

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