Feb 1, 2023 · The GDPs of Germany, France and Italy make up more than half of the EU’s entire economic output. The UK, which joined the EU in 1973 and formally left in 2020, would have been the second-largest economy in the region at $3.4 trillion. The IMF has a gloomy outlook for the EU in 2023, anticipating growth of just 0.7%.

Jan 9, 2024 · New data from Eurostat shows how different sized businesses contribute to the EU economy. The data provides insights on where turnover is highest, and which sectors are contributing the most money. The data provides insights on where turnover is highest, and which sectors are contributing the most money.

Jan 17, 2024 · Returning to the present, a handful of data points illustrates powerfully how much positive impact Ukraine – the largest and most populous of the current tranche of accession countries – could have on the EU economy, but also how little we know about how the economic gains of enlargement will be distributed.

Oct 10, 2024 · “The EU economy has held steady in the face of exceptional challenges over the past years and we can now look forward to a return to modest growth rates, picking up further in 2025,” Valdis Dombrovskis, the Commission’s Executive Vice-President for an Economy that Works for People, said in a statement. “However, the global landscape ...

Feb 14, 2025 · Whether it was due to stagnant growth, persistent inflation, a manufacturing decline, or low productivity levels, the lack of optimism about the future of the EU was notable. Perhaps chief among the concerns over Europe’s economy was its apparent inability to retain the young technology companies working on products likely to drive the future ...

Jan 17, 2025 · Putting research and innovation at the heart of the EU economy with a long-term outlook is imperative to help securing tomorrow’s breakthroughs and drive growth. But even if Europe invested significantly more in fundamental research, generated disruptive innovation and reinforced the ability to translate research results into ...

Jan 19, 2023 · Growth in the EU That “small contraction” is in line with the grim expectations of top economists for the upcoming year in Europe, as laid out in the Forum’s Chief Economists Outlook , an quarterly survey conducted by the Forum of top economists from across the world.

Jan 27, 2025 · Between 2019 and 2024, the EU economy grew at roughly half the pace of the US. Only about a quarter of the chief economists surveyed recently by the Forum think Europe will see "moderate or stronger" growth this year, compared with more than half of the economists when it comes to China – and three-quarters when it comes to the Middle East ...

Mar 22, 2024 · Traditionally, the US has lagged behind the EU and China in circular economy policy-making for the automotive sector. However, recent legislative actions, such as the Inflation Reduction Act, reflect a growing emphasis on domestic recycling of battery materials. The act includes provisions for EV tax credits that require domestic production and ...

Jul 14, 2021 · The EU economy is about to rebound this year and next, as vaccination rollout progresses rapidly (ECDC 2021) and restrictions are increasingly lifted. The European Commission Summer 2021 Economic Forecast projects that the EU economy will expand by 4.8% in 2021 and by 4.5% in 2022, reaching its pre-pandemic level of output in the last quarter ...