EU must safeguard modest economic recovery…

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PRESS RELEASE (Brussels, 1 June 2016)

EU must safeguard modest economic recovery… …despite substantial uncertainty: UK, China, Schengen 

Statement to EU leaders sent: Presidents of 40 European business federations



European business calls for UK to remain in the EU



Spring Economic Outlook 2016

European Business Summit 2016 – Press Conference June 2, 2016 10:45am CEST. 1000 Brussels, Place du Petit Sablon 8 Today at the European Business Summit in Brussels, BUSINESSEUROPE published its Spring Economic Outlook 2016 showing that the modest economic recovery in the EU and Euro Area is expected to continue, but substantial uncertainty persists. BUSINESSEUROPE Director General Markus J. Beyrer said: “We observe a gradual recovery of the EU economy and forecast GDP to grow by 2.0% in the EU in 2016 and by 1.9% in 2017. However, a number of risks to the EU economy remain, including the migration crisis and the associated risk of a breakdown of the Schengen agreement, the UK referendum which is already resulting in the postponement of some investment, and the potential for a further slowdown in the global economy. Whilst domestic demand is now playing the main role in driving growth, much more still needs to be done to boost EU investment and drive long-term growth. BUSINESSEUROPE’s Economic Outlook is published twice a year, based on input from our member federations. ENDS BUSINESSEUROPE Contact: Peter Sennekamp Director of Communications 168 Avenue de Cortenbergh 1000 Brussels - Belgium GSM : +32 496 919 315 [email protected]

Peter Vertessy Senior adviser, Press and media 168 Avenue de Cortenbergh 1000 Brussels - Belgium Tel : +32 (0) 2 237 65 03 [email protected]