Europe 2020

Europe 2020 is the EU's growth strategy for the current decade, which succeeds the Lisbon Strategy (2000-2010). Its goal is to establish a social market economy that is “competitive, innovative, sustainable and inclusive” in promoting the economic, social and environmental sustainability of the European economic model. Among the Europe 2020’s five main targets are the rise in the employment rates of the 20-64 year-olds to 75%, the rise in investment in research & development/innovation to 3% of the EU's GDP and the lifting of at least 20 million people out of poverty and social exclusion from the baseline of 2008.

Other targets concern climate and energy efficiency and educational performance. The mid-term assessment carried out in 2014/2015 showed that while targets on education and climate are broadly on track, there remains underinvestment. Employment rates have been stagnating and poverty rates worsening. In the 2016 Annual Growth Survey, the Commission highlights though that the rise in poverty rates has been stopped and that employment rates are rising again, bringing the employment target again into reach

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