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The European Commission at the beginning of a new cycle of economic governance the so-called European semester presented a series of documents that make up the package on economic governance for the year 2017. The package provides the general economic and social priorities for the EU and policy guidelines for the Member States for the following year. In the Annual Growth Survey for 2017 the European Commission notes that the recovery of the European economy is fragile however fairly resilient and oriented to job creation. GDP is now higher than before the crisis, unemployment is declining, investments are again growing. However, the consequences of the crisis are still sensed in terms of deteriorating social conditions, high levels of public and private debt and the proportion of bad loans. The Commission therefore calls on Member States to intensify their efforts to encourage investment, the implementation of structural reforms and ensuring responsible fiscal policy, with a focus on social equality and achieving more inclusive growth.


Annual Growth Survey 2017