Slowing productivity, demographic challenges, rising energy costs, and increased global competition are putting pressure on Europe’s long-term prosperity. At the same time, the green and digital transitions demand unprecedented levels of investment and innovation.
To address these challenges, in September 2023 European Commission President Ursula von der Leyen asked Mario Draghi to prepare a report on the future of European competitiveness. The aim was to set out how the EU can adapt to a rapidly changing world and secure sustainable growth for the decades ahead.