According to the latest calculations by the Joint Research Centre and the Economics Department of the EIB Group, presented by the EU Commission on 22 October, the Investment Plan for Europe, or the Juncker Plan, has played a key role in boosting jobs and growth in the Union.
Investments by the EIB Group backed by the Juncker Plan have increased EU’s GDP by 0.9% and added 1.1 million jobs. The calculations are based on financing agreements approved until the end of June.
“By 2022, the Juncker Plan will have added 1.7 million jobs to the EU labour market and increased EU GDP by 1.8%”, said the President of the EU Commission, Jean-Claude Juncker.
In addition to financing new technologies, the Juncker Plan has supported other EU objectives, such as climate, social and transport policy. The Plan will also have a long term macroeconomic impact on the Union: looking ahead to 2037, its operations will still have created 1 million jobs and have increased EU GDP by 1.2%.