First Annual Growth Survey (Communication)
cepPolicyBrief

Economic & Fiscal Policy

First Annual Growth Survey (Communication)

Published on 03.03.2014

Dr. Matthias Kullas
Dr. Matthias Kullas

The Commission’s first Annual Growth Survey marks the start of the first “European semester”. The “European semester” is an ex-ante policy coordination procedure between the 27 Member States. Consequently, the Survey contains recommendations for future economic policy and fiscal measures in Member States. The implementation of these measures is to support economic recovery as well as achieving the targets of the “Europe 2020” strategy.

cepPolicyBrief

Status

The measures proposed in the Annual Growth Survey are principally appropriate to reduce the Member States’ indebtedness. In particular, states with a current account surplus should improve their investment conditions as proposed by the Commission. However, the Commission should pay greater attention to the fact that a cut in public spending is often more growth friendly than tax increases.

Download PDF

First Annual Growth Survey COM(2011) 11 (publ. 03.03.2014) PDF 154 KB Download
First Annual Growth Survey COM(2011) 11
cepOverview: European Semester (publ. 03.03.2014) PDF 60 KB Download