News Release

EU needs a deeper Single Market and to accelerate emissions reduction efforts to secure stronger and more sustainable growth

The European economic recovery has been disrupted by Russia’s war of aggression against Ukraine, which has driven energy and food prices higher and curbed the post-pandemic rebound. While co-ordinated and timely policy action helped avoid a severe downturn, the near-term outlook remains clouded by uncertainty, according to a new OECD report.