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Europe must raise productive investment spending significantly if it is to keep pace with global competition and meet net-zero goals, according to the EIB Investment Report 2022-2023 published today.
The gap in productive investment between the European Union and the United States is nearly 2% of GDP, a lag that has persisted for more than ten years. The EIB Investment Report — an annual publication based on the EIB Investment Survey answered by around 12 500 businesses across Europe — shows that the share of firms engaged in innovation dropped last year compared to 2021. Businesses named uncertainty, skill shortages and high energy costs as the major constraints on investment.
“Europe’s future depends on our ability to transform and embrace the...
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