EU companies pledge to shift retrenching investment

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Europe is losing ground globally, as the 28-country bloc seems unable to reverse the trend of declining investment and stalling economic recovery. But EU businesses pledged to be ready to push policymakers to act swiftly, and boost competitiveness and growth.

“We must act now. Our global competitors are not waiting for us,” BusinessEurope President Emma Marcegaglia, said in an interview with EurActiv at the Invest in Europe conference on Thursday (26 March).

Private investment in Europe fell by 11% from its peak in 2007. The US also experienced a similar decline during the crisis. However, it is recovering at a much faster pace. Meanhwile, Europe is experiencing the lowest level of investment in 20 years.

Read more at EurActiv

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