ERAC Opinion on the Annual Growth Survey 2013

Like in previous years, the context of the Annual Growth Survey 2013 (AGS 2013) was shaped by the economic crisis. The economic situation is very fragile and although precise figures are still missing, growth is expected to have contracted, or at best been very weak, during 2012. There is also uncertainty regarding the extent to which budgets for future-oriented investments have been safeguarded in 2012.

The AGS 2013 sets out 5 broad policy areas where action is needed to bring the EU back on a growth track. These areas are basically the same as last year. In this respect, the AGS 2013 builds on last year’s AGS. As a consequence, most of ERAC's recommendations for last year's Survey are still valid for this year's AGS.