Additional considerations on the way forward for the European Semester 2025 - Related Opinions

The EESC regrets, that the Commission has once again refrained from presenting the Annual Sustainable Growth Survey (ASGS) and stresses that sustainable economic growth is a necessary condition for Europe to meet its multiple commitments, welcomes the European Macroeconomic Report, which provides a deep dive into the underlying structural challenges facing the EU and the new recommendation on human capital, which is a crucial element in filling the EU technological gap, also taking into account the EU demographic challenge. The Committee reiterates its call for more robust common fiscal capacity, supported by targeted issuances of joint debt, to help fill this growing gap in public investment, and for permanent macroeconomic stabilisation instruments to address shocks.

Information Report ECO/651 and Own-initiative opinion ECO/652 are a continuation of the European Semester Group's (ESG) work to consult annually national economic and social councils, social partners and civil society organisations from EU Member States on reform and investment proposals made in the context of the European Semester and their implementation in the Member States. The Information Report aims to collect the views of social partners and civil society organisations in the Member States on the reform and investment proposals and their implementation, in particular those indicated in the 2024 Country-Specific Recommendations. The Own-initiative opinion aims to complement the Information Report and to include the EESC's policy recommendations based on the results of the stakeholder consultation. It allows the EESC to formulate general and specific considerations, and to present the associated EESC's conclusions and policy proposals.

With the launch of the 2025 European Semester cycle the European commission has published the "2025 European Semester - Autumn package" in December 2024. The 2025 European Semester - Autumn Package outlines economic and social policy priorities for the EU to ensure sustainable prosperity and competitiveness. It highlights the EU’s recent resilience while emphasizing the need to address structural barriers to growth. The EU is committed to ensure sustainable prosperity and competitiveness while strengthening its social market economy and safeguarding its sovereignty, economic security and global influence. The EESC's opinion on the 2025 European Semester - Autumn package is due to be adopted at the EESC plenary session of February 2025.

Every year in February, the EESC adopts an opinion on the Annual Sustainable Growth Survey (ASGS), which the Commission usually presents at the end of November in the year before. The Communication on the ASGS 2024 outlines the economic and employment policy priorities for the EU for the following 12 months, focusing on short-term energy shock mitigation, medium-term sustainable growth and resilience in the EU, and alignment with the long-term EU objectives. 

The structured approach centres around the 4 dimensions of competitive sustainability, and is aligned with the United Nations Sustainable Development Goals. The ASGS continues to guide Member States in the implementation of the national Recovery and Resilience Plans, with the European Semester playing a central role, especially in the ongoing revision of the European economic governance framework. 

This opinion focuses on the reform and investment measures in the Member States, in particular those based on the Country-Specific Recommendations 2023, and their implementation, in order to assess the effectiveness of these measures and the possibilities for better targeting of proposals, improved implementation and the monitoring and involvement of organised civil society in the procedures. This opinion also looks at issues concerning the ongoing reform of the EU’s economic governance rules, the central objective of which is to strengthen public debt sustainability while promoting sustainable and inclusive growth in all Member States through reforms and investment. Moreover, the opinion continues the previous consultation exercises by examining the state of the implementation of the reforms and investments provided for in the national Recovery and Resilience Plans and which are financially supported by RRF funds.

At the request of the Belgian Presidency of the Council of the EU, the EESC is drawing up this opinion to suggest recommendations on how to tackle inequalities, foster upwards social convergence and strengthen social security systems and ensure its long-term affordability, in an EU economic governance framework/European Semester defined around debt sustainability, productive investments and reforms. This opinion is also focusing on the implications of such a framework for the European Semester, and the further strengthening of the social pillar herein. Finally, the opinion also looks at ways of continuing to further develop fiscal instruments that have a stabilising role at the European level, based e.g. on the experience of SURE.

Every year in February, the EESC adopts an opinion on Annual Sustainable Growth Survey, which the Commission usually presents at the end of November in the year before. This communication outlines the economic and employment policy priorities for the EU for the following 12 months, with a view to mitigating the negative impacts of the energy shocks in the short term and to foster sustainable growth and increase the EU’s resilience in the medium term. The structured approach, like in previous years, centres around the four dimensions of competitive sustainability and in line with the United Nations Sustainable Development Goals. The ASGS also continues to guide Member States in the implementation of the national Recovery and Resilience Plans (RRPs). The EESC's opinion on the ASGS 2024 is due to be adopted at the plenary session of 24-25 February 2024.