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Cyprus’s fiscal stance projected to be supportive, according to European Semester Autumn Package 2022

Commission executive vice president Valdis Dombrovskis, Economy Commissioner Paolo Gentiloni and Commissioner for Jobs and Social Rights Nicolas Schmit presented the European Semester Autumn Package for 2022 in a press conference in Brussels on Wednesday.

 

The Autumn Package includes the Annual Sustainable Growth Survey, opinions on euro area Draft Budgetary Plans (DBPs) for 2022, policy recommendations for the euro area and the Commission`s proposal for a Joint Employment Report.

 

This package draws on information and data found in the Autumn 2021 Economic Forecast, which noted that the European economy is moving from recovery to expansion but is now facing new challenges.

 

Source: Cyprus News Agency