Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-19-Speech-3-266"
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"en.20081119.21.3-266"2
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"− The Commission presented its autumn forecast on 3 November, which indicates that the economic outlook is bleak: economic growth is expected to come to a standstill in 2009, increasing by a meagre 0.2% in the European Union.
2010 should see a gradual recovery for most EU economies, with growth projected at 1.1% for the EU as a whole. As a result, unemployment is expected to increase to 7.8% in the EU in 2009, with a further increase projected for 2010.
However, next year we expect inflation to fall back quickly to 2.4% in the EU and to decelerate further in 2010.
There is no question that the challenges we face are substantial. Hence, the Commission is now developing a comprehensive strategy to manage the financial crisis and limit the economic downturn. The basis of this strategy is set down in the communication entitled ‘From financial crisis to recovery: A European framework for action’, which indicates how the EU should tackle the next stages of the crisis in a united, coordinated manner.
Action should be geared towards three objectives: first, building a new financial market architecture at EU level; second, dealing with the impact on the real economy and, third, coordinating a global response to the financial crisis.
On 26 November, the Commission will propose a more detailed version of this EU recovery plan, under the umbrella of the Lisbon Strategy for Growth and Jobs. Our aim is to bring together a series of targeted short-term initiatives that will help counter adverse effects on the wider economy, while adapting the medium to long-term measures of the Lisbon Strategy to take account of the crisis."@en1
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