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The Knowledge-Sharing Platform

25 Jan 2018

Report shows EU27 recovery stronger than expected

On 22 January 2018, the European Political Strategy Centre (EPSC), the European Commission’s in-house think tank, published an analysis of the economic, financial, social and technological trends in a changing world. The report highlights some of the most prominent factors underpinning Europe's upward trajectory. The results show that the EU27 and the euro area have surprised analysts with a stronger than expected recovery, and that technologies play a key role in this context. European companies today hold 40% of the world’s patents for renewable technologies – a sector which already generates €130 billion in turnover each year, including €35 billion in exports. The EU27 is now home to 28 'unicorns' (companies valued at more than one billion dollars). It is widely expected that the next wave of digital innovation will play to Europe's strong traditions in science, research and deep tech. Forecasts show a continuation of this trend for the foreseeable future.

The report can be downloaded here.

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