@ECThinkTank Economic, Financial, Social and Technological Trends in a Changing World – January 2018

The EU27 and the euro area have surprised economists with a stronger than expected recovery, and forecasts show a continuation of this trend for the foreseeable future. Employment in Europe is
at its highest level ever. And this is no coincidence.
The reforms taken in response to the financial crisis – to stabilise European economies, to create a sounder financial sector and to support SMEs, entrepreneurs and start-ups – are now paying off.
Europe’s economies are today more resilient and competitive, public debt is on a downward trend and past institutional weaknesses of the euro area have largely been corrected. In addition, alongside the emergence of a new generation of European political leaders, the reforms currently being implemented by the Juncker Commission will add further momentum to the EU’s future trajectory.