The Economic Benefits of Passing the DREAM Act

The EU economy continues to deal with a difficult post-financial crisis correction, which bears heavily on its growth and employment performance. This forecast has been prepared against a mixed background of mostly disappointing hard data and survey indicators since our spring forecast, encouraging signs of progressing economic adjustment in Member States and important policy advances. Wide cross-country divergences in economic activity and labour market dynamics have opened, originating primarily in varying needs for public- and private-sector deleveraging and for reallocation of resources across sectors, but also in large disparities in financing conditions. The distress in more vulnerable Member States...