Spring Economic Outlook: recovery still needs securing

Launching BUSINESSEUROPE’s Spring Economic Outlook, Director General Markus J. Beyrer commented: “Our latest economic outlook provides further evidence that the European economy continues to slowly gain strength. But growth of 1.6% in the EU in 2014 and 1.2% in the Euro Area remains too weak to really make inroads into Europe’s unacceptably high levels of unemployment. We need a greater focus from policy-makers on securing the recovery and reducing unemployment, particularly through the implementation of ambitious labour market reforms in a number of member states and taking concrete action to address growing concerns, especially of SMEs, about access to finance.”