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EU Member States now have less than 2 years to complete their Next Generation EU (NGEU) investment and reform plans, with implementation advancing at varying rates across the EU. Some countries need to strengthen their administrative capacity to manage the inBriefing - Economic Outlook Quarterly: A crucial phase for Next Generation EU - 27-09-2024
EU Member States now have less than 2 years to complete their Next Generation EU (NGEU) investment and reform plans, with implementation advancing at varying rates across the EU. Some countries need to strengthen their administrative capacity to manage the investments. While NGEU offers significant support for the green and digital transitions, the recent Draghi Report on EU competitiveness stresses the need to invest more in strategic Sectors such as energy. As EU businesses face higher energy costs compared with competitors in the US or China, a major focus is likely to be on lowering energy prices. EU inflation, driven sharply upwards in part by rising energy prices, dropped to 2.4 % in August, and the EU economy began to recover in the first half of 2024, growing by 0.75 % compared with the first half of 2023. The latest economic indicators suggest weaker growth momentum in the months ahead. The previous edition of this quarterly infographic was published in June 2024. To access the whole series, go to https://epthinktank.eu/eoq Source : © European Union, 2024 - EP Read more