IMF Says Targeted Reforms Could Triple EU Growth

The Occidental Star
Oct 19
1 min read

The International Monetary Fund urged the European Union to adopt structural reforms that could lift annual GDP growth from roughly 1% to 3% over the next decade.

Key recommendations include reducing energy costs, improving labor mobility, and harmonizing insolvency and investment rules.

The IMF estimates that internal EU trade barriers equate to tariffs of 44% for goods and 110% for services.

European Commission officials welcomed the findings but warned of political resistance from member states concerned about labor protections and social models.

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