First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth

European Commission - Press release First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth Brussels, 26 November 2024 The Commission has presented the first European Semester Autumn Package since the ambitious and comprehensive reform of the EU's new economic governance framework entered into force in April 2024. It is an essential step in delivering on the objectives of the reform to make the framework simpler, more transparent and effective, with greater national ownership. The new framework supports Member States in achieving macroeconomic stability, growth and fiscal sustainability, which are critical for the EU's economic strength in today's challenging global environment. It also encourages reforms and investments that will lay the foundations for longterm economic stability and sustainable growth. Ultimately, it helps build a more resilient, fair, competitive, and secure EU economy for the benefit of citizens. The European Semester Autumn Package comes as the EU economy is returning to modest growth after a prolonged period of stagnation. Looking ahead, while Member States pursue fiscal adjustment where needed, public investment is expected to increase in 2025 in almost all Member States, with a significant contribution from NextGenerationEU's Recovery and Resilience Facility and EU funds in several Member States. Simpler rules taking account of different...