Gathering storm threatens to blow away weak recovery

Commenting on the European Commission’s autumn economic forecast, Veronica Nilsson, Deputy General Secretary of the European Trade Union Confederation (ETUC) said

“Global uncertainty and a weak and unequal recovery, providing too few and precarious jobs, are creating the conditions for a social and political storm that could blow away any modest progress in Europe’s fortunes.

“It is a gathering storm which has to be deflected through a determined change in economic course.

“Bolder actions are needed in the EU to boost public and private investment, and to enable wages to catch up with productivity. Pay rises are urgently needed, alongside investment, to create demand and growth, and tackle inequality.”