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The EU is facing significant challenges in the face of the worst global recession in 50 years. To improve economic performance reforms are necessary to strengthen innovation, deepen the single market, aid transition to a low-carbon economy and improve access to European markets.
The EU has a significant interest in opposing rising protectionist sentiment and undertaking further trade liberalisation. There is considerable scope to improve the targeting of agricultural payments.
The EU economy has experienced a deep economic slump. Ongoing financial reforms and the structural reform agenda must be pursued to make future crises less likely and improve growth prospects.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
This report examines both the challenges and the opportunities associated with designing and using indicator systems as a tool for the governance of regional development policy.
English, , 123kb
This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for the European Union.
The first decade of the Economic and Monetary Union (EMU) has been a success, but the onset of recession amid ongoing financial turmoil has created new challenges.
Financial integration and development raise the likelihood of cross-border financial contagion. Further improvements are needed to European regulatory and supervisory frameworks to ensure financial stability.
The onset of recession amid tumbling inflation and continued financial market turmoil is posing considerable challenges for macroeconomic policy and ECB financial market operations.
The economic downturn and the financial turmoil are intensifying fiscal pressures. In the longer-term, progress towards fiscal sustainability and improving the quality of the public finances remain priorities.