Europe 2020: The EU's Growth Strategy

Project manager: Jonas Eriksson, Monika Hjeds Löfmark and Anna Wetter

The EU’s growth strategy, Europe 2020, is aimed at promoting “smarter, more sustainable and more inclusive growth” in the EU. Within the framework of this overall objective there are a number of “goals” and “initiatives” covering, for example, employment, training and education, demographic challenges, research and innovation, the digital economy, youth issues and poverty. Moreover, both the European Semester and the future development of the Single Market have been included in Europe 2020. The former means that there is a link between the growth strategy and the Stability and Growth Pact, while the development of the Single Market includes measures to do with public procurement, EU patents and continued work on the Services Directive.

Europe 2020 is thus a very broad strategy that covers a large number of areas, many of which are owned by the Member States. SIEPS has previously covered a number of issues related to the development of the Single Market in the project “The Future Single Market”, which was finalised in 2013. In 2016 SIEPS will analyse and examine the Commission’s work on the digital agenda. A second report will examine the role played by demographics for economic growth. Moreover, two policy analyses will analyse a) the EU’s ambition to reduce poverty and b) the gains from EU membership. SIEPS also intends to initiate studies that looks beyond the current strategy well before it expires.