On Tuesday 21 November, the European Commission kicked off the 2024 edition of the ‘European Semester’ budgetary process, which defines the broad socio-economic policy guidelines for the European Union next year, against a backdrop of a sharp slowdown in growth, before a slight rebound expected in spring 2024 and a gradual return to controlled inflation (see EUROPE B13293A2).
In its annual growth review, the EU institution stresses the importance of coordinating budgetary and...