| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2013) 378 final (29.5.13) |
| Publication Date | 29/05/2013 |
| Content Type | Policy-making |
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On 28 November 2012, the Commission adopted the Annual Growth Survey, marking the start of the 2013 European Semester of economic policy coordination. Also on 28 November 2012, the Commission, on the basis of Regulation (EU) No 1176/2011, adopted the Alert Mechanism Report, in which it identified the United Kingdom as one of the Member States for which an in-depth review would be carried out. On 10 April 2013, the Commission published the results of its in-depth review for the United Kingdom, under Article 5 of Regulation (EU) No 1176/2011. The Commission’s analysis leads it to conclude that the United Kingdom is experiencing macroeconomic imbalances, which deserve monitoring and policy action. In particular, macroeconomic developments in the area of household debt, linked to the high levels of mortgage debt and the characteristics of the housing market, as well as unfavourable developments in external competitiveness, especially as regards goods exports and weak productivity growth, continue to deserve attention. On 30 April 2013, the United Kingdom submitted its 2013 convergence programme covering the period 2012-2017 and its 2013 national reform programme. In order to take account of their interlinkages, the two programmes have been assessed at the same time. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:378:FIN |
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| Countries / Regions | United Kingdom |
