Europe needs investment boost to ignite
ECONOMIC growth in Europe remains disappointing. Virtually all EU members are expected to post higher output in 2014 but, according to the International Monetary Fund’s latest projections, the average growth rate in the eurozone will barely exceed 1%. And, whereas the British economy is displaying strong momentum, its GDP has only now surpassed the pre-crisis mark. In per capita terms, the EU is still poorer than it was seven years ago.
In this context, a new policy target has emerged: Investment.
