Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-07-Speech-3-043"
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"en.20080507.11.3-043"2
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"Economic growth forecasts for the EU for the next few years point to a worrying slowdown of our productive system. From 2.8% in 2007, economic growth in the EU will fall by one point in two years to 2.0% in 2008 and 1.8% in 2009. Evidently this fall does not just come from the internal market, but from a wider slowdown in global economic activity, influenced by the difficult situation in the US and rising commodity prices.
The Commission expects inflation to peak in the near future due to soaring food, energy and commodity prices. This is a particularly worrying phenomenon because it has a direct impact on the lives of our citizens and reduces purchasing power. It also creates an additional burden for our businesses, which are gradually losing their competitive edge compared with the new emerging economies. However, despite this we are seeing positive signs for the ‘employment’ objective of the Lisbon Strategy, since 4 million new jobs have been created in Europe.
Our task is to establish whether this ‘new’ dynamism of the job market is in fact due to precarious employment, since this information only has a positive impact on the economy when it fuels expectations of stability."@en1
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