EU growth to pick up slightly, but industry is still facing huge challenges |
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| The EU economy is expected to grow by 1.2% in 2024, and to 1.8% in 2025, shows our Spring Economic Outlook, published yesterday. |
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| This is a 0.4 pp downward revision for 2024 in comparison to our Autumn Economic Outlook, as EU industrial producers face continuing challenges resulting in the lowest level of capacity utilisation (excluding Covid) since 2013. “There are signs that growth in the EU economy may bounce back a little this year, with rising real wages and the prospect of lower interest rates both likely to increase demand. |
| However, the improvement in overall EU output must not distract us from the enormous challenges the industrial sector is still facing, particularly due to high energy prices and an increasing regulatory burden”, said our Director General, Markus J. Beyrer. Seventy-four percent of our member federations believe that the business climate for industrial producers has either worsened or shown no improvement over the last 6 months. Learn more about our proposed solutions here. |
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European elections: now is the time! |
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"When it comes to Europe there is no plan B. The best way for Europe to be independent, is for us to be competitive and economically strong as a business community. That is our strength and power."
Our President Fredrik Persson in an interview on 15 May for Focus, a magazine of VNO-NCW, the Dutch business federation, a BusinessEurope member.
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