There are signs of fragile economic
recovery, but economic growth is unlikely to be sustained unless it is
inclusive and job rich, especially while labour market and social conditions
remain extremely challenging and divergence between countries is growing.
The EU is struggling with many
challenges such as high unemployment, low employment, and labour mismatches,
and increasing numbers of young people not in education, employment and
training. Poverty and social exclusion has increased, following rise in jobless
households and rise in in-work poverty, and household incomes declined.
Divergences between countries have
been growing, especially within the Euro Area. The South and periphery of the
EU have been particularly hard hit. But also more resilient Member States get
affected by spill-overs through reduced aggregate demand, eroded confidence,
and contagion via the financial markets. These might threaten core objectives
of the EMU: to benefit all its members by promoting economic convergence and to
improve the lives of citizens in the Member States
Please consult our website
to download the report,
the press
release and the Key
fact and figures.
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