Reducing public debt in Europe is feasible based on past fiscal adjustments. But some governments are struggling to agree and implement consistent medium-term fiscal plans. In these circumstances, debt sustainability hinges on boosting growth where the outlook is only partially encouraging. Growth will be a moderate 1.0% in 2024 and 1.8% in 2025. The European Union responded well to the pandemic and energy crises. The economy recovered swiftly but raising the region’s long-term growth potential remains critical. Accelerating the implementation of Next Generation EU reforms and investments is imperative, as is ... (full story)