BUSINESSEUROPE
Economic Outlook - Business worried about access to finance and protectionism
The speed with which the financial market turmoil has translated into the EU’s deepest economic crisis was unexpected. BUSINESSEUROPE forecasts a fall in real GDP growth this year. Exports, investment and employment will fall sharply. Downside risks to growth clearly dominate and BUSINESSEUROPE expresses particular concern regarding the rise of protectionist pressures and the risk of further deterioration in financing conditions.
We propose a four-pillar strategy for the recovery that builds on restoring companies’ access to finance, fighting protectionism in all its guises, implementing recovery packages in a coordinated manner and using the crisis as a catalyst for structural reforms. Specific recommendations to EU institutions and member states are detailed in the report (.pdf/1.6 kB), and individual country evaluations can be downloaded from the table.
Source: BUSINESSEUROPE
