- 6 June, 2019
- Posted by: partners
- Category: News
On June 5, the European Commission presented its country-specific recommendations (REP) for 2019, in which it sets out the guidelines for economic policy that it directs to each member state for the next twelve to eighteen months. The Commission also recommends closing the excessive deficit procedure for Spain and adopting a series of documents in the framework of the Stability and Growth Pact.
The European economy is growing for the seventh consecutive year and is expected to continue to expand in 2020, with growth in all the economies of the Member States despite less favorable conditions and global uncertainties. The number of people employed has reached a record value and the unemployment rate, an exceptionally low level. At the same time, important differences remain between countries, regions and population groups. In this context, the Commission urges the Member States to build on the progress achieved in recent years. Effective reforms, accompanied by well-targeted investment strategies and responsible budgetary policies, continue to provide effective guidance for the modernization of the European economy.
The country-specific recommendations of 2019
The recommendations presented offer guidance to Member States to adequately respond to persistent and new economic and social challenges and to meet their main shared political objectives. The content of the recommendations reflects the general priorities established in the Annual Growth Survey 2019 and the 2019 Recommendation on economic policy for the euro area issued in November. These recommendations are based on the detailed analysis of the country reports published in February and the evaluation of the national programs presented in April. The slowdown in global growth reinforces the need to continue structural reforms, giving priority to those aimed at promoting sustainable and inclusive growth. The Member States must advance in social convergence, in line with the European pillar of social rights. In line with the recommendation for the euro area, the Member States should also proceed to a more symmetrical rebalancing throughout that area and continue their efforts to strengthen the single market and deepen the European Economic and Monetary Union.
The country-specific recommendations for 2019 include giving greater attention to the identification and prioritization of investment needs at the national level and paying special attention to regional and territorial disparities. This objective is in line with the comprehensive analysis of the investment needs and obstacles identified for each Member State in the country reports published earlier this year and should serve to prioritize the use of EU funds in the next long-term budget of the EU or the multi-annual financial framework 2021-2027.