According to the Commission’s latest economic forecast, published in early July, the EU economy will experience a deep recession in 2020 due to the impact of COVID-19. This forecast updates the spring forecast published in early May. As lockdown are being lifted more gradually than originally anticipated, the impact on economic activity in 2020 will be more significant than projected in the earlier forecast. The return to growth in 2021 will also be less strong than projected in the spring.
Below are the key figures from the summer economic forecast
The full forecast and reports can be found here.
The European Commission published its Spring economic forecast on 6 May, the first one to fully consider the impact of COVID-19. It provides a forecast at European level, for EU countries, candidate countries and certain other non-EU countries. It concludes that the impact of COVID-19 will affect all countries, even if at different levels. The same is the case for the speed of the recovery expected in 2021. Below the key indicators for the EU and Euro area.
The forecast is based on a set of assumptions about the evolution of the coronavirus pandemic and containment measures. It assumes that restrictions will be gradually lifted from May. The full forecast and country-specific information can be found here.
The Winter 2020 Economic Forecast published on 13 February projects that the European economy is set to continue a path of steady, moderate growth. It concludes that the Euro area gross domestic product (GDP) growth will remain stable at 1.2% in 2020 and 2021. For the EU as a whole, growth is forecast to reduce slightly to 1.4% in 2020 and 2021, down from 1.5% in 2019.
The full forecast, including country-by-country reports and assessments of the potential economic risks can be found here.
This first Annual Economic Report of the EU Blue Economy intends to measure the trends, performance and progress of the Blue Economy in Europe.
It looks into the established maritime sectors (living resources; marine extraction and oil & gas; ports, warehousing and water projects; shipbuilding & repair; coastal tourism) but also at some emerging innovative sectors (marine renewable energy; blue bioeconomy; desalination; deep-seabed mining; coastal and environmental protection).
After the Communication from the European Commission, A European Strategy for more Growth and Jobs in Coastal and Maritime Tourism, that underlined the importance of coastal and maritime tourism, especially for employment for the whole economy, the Directorate General Entreprise and Industry ordered this study to assess the overall competitiveness of the recreational boating sector.
The study identifies the main factors influencing the competitive performance of the EU recreational boating industry and provides policy recommendations on how the competitiveness of this sector in Europe could be improved. Several aspects are researched:
Following the Commission's 2010 Communication announcing a strategy for sustainable coastaland maritime tourism, this Communication from 2014 proposes joint responses to the multiple challenges, with a view to capitalise on Europe's strengths and enabling it to substantially contribute to the Europe 2020 objectives for smart, sustainable and inclusive growth.
The objective of this study was to provide the European Commission with evidence to inform decisions about the development of EU policy on issues relevant to nautical tourism. The specific objectives were to, for a predefined set of nautical tourism topics: