What changed between the plenary report and the adopted text

Changed:B. whereas according to the Commission’s winter 2024 forecast, economic activity in 2023 is estimated to have expanded by only 0.50,5 % in both the EU and the euro area in the face of high inflation and tighter financing conditions, after a strong recovery in 2022; whereas expected GDP growth has been revised down to 0.90,9 % (from 1.31,3 %) in the EU and 0.80,8 % (from 1.21,2 %) in the euro area for 2024; whereas in 2025, economic activity is still expected to expand by 1.71,7 % in the EU and 1.51,5 % in the euro area;

Changed:C. whereas the EU labour market continued to perform strongly in the first half of 2023, despite the slowdown in economic growth; whereas according to the Commission’s autumn 2023 forecast, however, labour shortages continued to be acute across many sectors and occupations, in particular in fields related to the scale-up and implementation of net-zero and low-emission technologies; whereas unemployment hit a historic low in the EU as a whole, with variation across Member States; whereas youth unemployment reached 14.714,7 % in the EU and 14.414,4 % in the euro area in December 2023, according to Eurostat;

Changed:D. whereas inflation is projected to fall from 6.36,3 % in 2023 to 3.03,0 % in 2024 and 2.52,5 % in 2025 in the EU and from 5.45,4 % in 2023 to 2.72,7 % in 2024 and 2.22,2 % in 2025 in the euro area, according to the Commission’s winter 2024 forecast; whereas fiscal policy needs to support monetary policy in reducing inflation and safeguarding fiscal sustainability, while providing sufficient space for additional investments and supporting long-term growth;

Changed:F. whereas the debt-to-GDP ratio is expected to decrease to 83.183,1 % in the EU in 2023 (90.4(90,4 % in the euro area); whereas the debt-to-GDP ratio is expected to marginally decline in the EU to around 82.782,7 % in 2024 and 82.582,5 % in 2025; whereas the euro area debt-to GDP ratio is expected to decrease to around 89.789,7 % in 2024 and 89.589,5 % in 2025; whereas there is a high variation in the debt levels of different Member States; whereas high debt-to-GDP ratios combined with high interest rates and an uncertain macroeconomic situation may jeopardise long-term debt sustainability and economic stability;