Annual Sustainable Growth Survey 2024

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    The EESC has released its opinion on the Commission's Annual Sustainable Growth Survey 2024, offering a thorough assessment of the European economy and suggesting strategies for sustainable growth. The recommendations include a call for the ECB to monitor economic risks closely, and to be ready to adjust its policies if inflation deviates from targets. The EESC calls for removing administrative obstacles for EU businesses, boosting productivity, and reducing reporting obligations. It also suggests tailored fiscal consolidation and a balanced approach to phasing out crisis support, while advocating for permanent means-tested support in some countries. This opinion is due to be discussed and adopted in the February 2024 EESC plenary session.

    Key points:

    In the opinion, the EESC's ECO section

    • recommends that the European Central Bank closely monitoring of economic risks, with careful contingency planning to ensure credible inflation outlooks, and advises the ECB to be prepared to adjust policies if inflation deviates from targets;
    • calls for concrete engagement with national parliaments, regional authorities, civil society, and social partners to reform the EU's macroeconomic governance, and emphasises the importance of taking ownership of these reforms at national level through effective dialogue;
    • and urges a balanced approach to phasing out crisis support, which continues to assist vulnerable groups impacted by high energy costs and inflation, and calls for a permanent framework of means-tested support in some countries, and emphasises the need for a detailed discussion on social impacts;

    …

    Additional information:

    - EESC section: Economic and Monetary Union and Economic and Social Cohesion (ECO)

    - opinion type: Optional Opinion

    - rapporteur: Elena-Alexandra CALISTRU (Diversity Europe - GR III / Romania)

    - reference: ECO/634-EESC-2023

    - referral: N/A

    - date of adoption by section: 02/02/2024

    - date of adoption in plenary: 14-15/02/2024

    Contact:

    Thomas Kersten

    Press Officer

    Tel.: +32 (0) 2 546 8931

    Email: thomas.kersten@eesc.europa.eu

     

    Colombe Grégoire

    Policy Officer

    Tel.: +32 (0) 2 546 9286

    Email: eco@eesc.europa.eu