The European Commission welcomes the provisional political agreement reached today between the European Parliament and the Council on the EU Talent Pool. Once in place, the EU Talent Pool will be the first EU-wide platform to facilitate international recruitment of jobseekers residing outside the EU. This is a key step in making the EU more attractive to skilled talent from outside the EU, and hence more competitive globally. As part of the EU's comprehensive approach to migration set out in the Pact on...

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By Nicolas Fernandez-Arias, Shushanik Hakobyan Concerted action on economic reforms can help the G20 achieve the group’s collective growth ambitions, but the reforms with the biggest payoff vary across countries Since the Group of Twenty’s foundational Pittsburgh conference in 2009, progress toward its goal of strong, sustainable, balanced, and inclusive growth has been modest. While G20 economies have shown remarkable resilience in navigating multiple shocks, medium-term growth prospects have moderated to just 2.9 percent, the weakest since the global financial crisis. At the...

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Inflationary Pressures Ease, But Geopolitical Tensions Cloud Outlook WASHINGTON, October 29, 2025—Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by 7% in both 2025 and 2026, driven by weak global economic growth, a growing oil surplus, and persistent policy uncertainty. Falling energy prices are helping to ease global inflation, while lower rice...

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The Council and the European Parliament have agreed on the EU’s annual budget for 2026. Next year’s budget will focus on delivering Union priorities and dealing with ongoing challenges. It will boost competitiveness, strengthen Europe’s defence readiness and preparedness, provide support for humanitarian assistance and address migratory pressures. At the same time, the budget safeguards the flexibility to react swiftly and effectively to unforeseen needs and crises. The 2026 budget amounts to €192.8 billion in total commitments and €190.1 billion in total payments. €715.7 million has been kept available this...

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The European Commission's Autumn 2025 Economic Forecast shows that growth in the first three quarters of 2025 outperformed expectations. While the strong performance was initially driven by a surge in exports in anticipation of tariff increases, the EU economy continued to grow in the third quarter. Looking ahead, economic activity is expected to continue expanding at a moderate pace over the forecast horizon, despite a challenging external environment. This year's Autumn Forecast projects real GDP to grow by 1.4% in the EU in 2025 and...

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