Annual Growth Survey 2013
On 28 November 2012, the European Commission published the 2013 Annual Growth Survey which starts the European Semester for economic policy coordination.
The main message of the Annual Growth Survey this year is that while EU policies are beginning to show results – deficits are decreasing, tensions in financial markets are easing and there are signs that competitiveness is improving in some Member States – continued reform is needed to generate sustainable growth and jobs. This is why the Commission considers that the five priorities already outlined remain valid. The five priorities are the following:
- pursuing differentiated, growth-friendly fiscal consolidation;
- restoring normal lending to the economy;
- promoting growth and competitiveness for today and tomorrow;
- tackling unemployment and the social consequences of the crisis;
- modernising public administration.