Publication:
A Path to Inclusive Growth in the EU amid Inflation and Fiscal Constraints (Part 1)

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-12-19T20:55:43Z
dc.date.available2024-12-19T20:55:43Z
dc.date.issued2024-12-19
dc.description.abstractFollowing an unprecedented tightening cycle that avoided deep recession and widespread job losses, the EU economy appears poised for a "soft landing" with inflation nearing target levels. In 2023, EU growth slowed to an average of 0.4 percent amid a significant decline in trade, while employment showed signs of recovery in 2024, albeit with disparities across sectors and regions. Despite easing inflation, high prices continue to strain the poorest, exacerbating poverty and food insecurity, particularly in Bulgaria, Croatia, Poland, and Romania. Employment remains crucial for poverty alleviation, yet less skilled and blue-collar workers struggle to recover from recent shocks. The report highlights the need for targeted policies to support vulnerable groups and ensure broader economic inclusion. Fiscal consolidation is expected to gain momentum under the EU's revamped Economic Governance Framework, balancing fiscal sustainability with inclusive growth amidst geopolitical and social pressures.en
dc.identifierhttp://documents.worldbank.org/curated/en/099121724035078520/P50045917da9dd0e5188d31194d03f6c875
dc.identifier.doi10.1596/42567
dc.identifier.urihttps://hdl.handle.net/10986/42567
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEU Regular Economic Report; No.10
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectINFLATION
dc.subjectFISCAL CONSOLIDATION
dc.subjectLABOR MARKET
dc.subjectPOVERTY AND INCLUSION
dc.titleA Path to Inclusive Growth in the EU amid Inflation and Fiscal Constraints (Part 1)en
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2024-12-19
okr.date.doiregistration2025-05-07T08:38:50.765697Z
okr.date.lastmodified2024-12-17T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099121724035078520/P50045917da9dd0e5188d31194d03f6c875
okr.guid099121724035078520
okr.identifier.docmidP500459-7da9dd84-eb39-42e5-88d3-194d03f6c875
okr.identifier.externaldocumentum34438175
okr.identifier.internaldocumentum34438175
okr.identifier.report195672
okr.import.id6111
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099121724035078520/pdf/P50045917da9dd0e5188d31194d03f6c875.pdfen
okr.region.geographicalEurope
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicSocial Protections and Labor::Labor Markets
okr.topicMacroeconomics and Economic Growth::Inflation
okr.unitEFI-ECA-MTI-MacroFiscal-2 (EECM2)
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