BUSINESSEUROPE (Confederation of European Business), whose member is BIA published its regular report on the economic situation and prospects for the European economy - "Economic Outlook - Autumn 2009"

      The document is entitled "rough road to recovery" and sees first signs of stabilization of the European economy. According to the authors of the report, the latest data and indicators suggest that economic activity in the EU has stabilized, a recession is coming to an end. However, there is no reason to jump for joy, since analysts BUSINESSEUROPE still do not see the conditions for sustainable growth. According to them, the EU's real GDP is expected to shrink by 3.9% this year, before growing by 0.7% in 2010 lasting repercussions of the crisis ACE expect especially in terms of investment, employment and public finances. Against the backdrop of rising unemployment, inflation in the eurozone remains low, averaging 0.3 percent this year and expected to be about 1.3 percent in 2010

      Members of BUSINESSEUROPE are concerned that the current crisis will have a negative impact on the EU's potential growth in the coming years because you need to be resolved following main challenges:

Stabilize financial markets and faster access to funding to support business investment.
Ensuring long term sustainability of public finances, particularly in the context of trends towards an aging population.
Support investment and innovation. Structural reforms are a precondition for returning to sustained growth, creating jobs and a healthier public finances. We need to create a more attractive environment for entrepreneurship and innovation.
      Analysis of BUSINESSEUROPE reported in the second quarter of this year GDP growth in some Member States and improvements in national, European and global indicators, which brings confidence that a recession may be coming to an end. Improvement may be due to the following factors:

National governments, national banks and European institutions have introduced significant measures to support and rescue, which will gradually drain the economy.
The sharp contraction in stocks which is a brake to industrial activity and trade in the first half of this year reaches its end.
Emerging economies, especially in Asia, also began to recover.
      BUSINESSEUROPE expects the economic environment remains extremely volatile. In this context, BUSINESSEUROPE provides EU GDP to fall by an average of 3.9 percent this year, before growing by 0.7% in 2010 and is expected contraction in new investments in that 10.3% and 1.8% next year.

      With respect to labor market BUSINESSEUROPE expect members of more than 9 seats mln.rlabotni be lost in the EU-27 over the period 2009-2010 Against this background, private consumption is expected to stagnate in 2010 after shrinking this year.

      In a letter sent to Commission President José Manuel Barroso on September 3, 2009, President Juergen BUSINESSEUROPE Tuman and the organization's Secretary General Philippe de Buck presented the following key priorities for the European Commission:

Fixing the financial system and restoring credit flows;
Implement reforms to attract investment and innovation;
Develop a viable strategy to reduce public deficits;
increase employment and skills in an aging society;
Competitive strategy in relation to climate change
New energy strategy of the union