Overall EU GDP would increases by around 0.4 per cent in
2020 or €60 billion in 2014 prices. This is mainly driven by a combination of the
efficiency gains (modelled as lower prices) and the additional investment. There are
multiplier effects within Europe but also benefits for countries outside the EU in terms
of higher foreign trade including EU imports. The impact on consumption is very
similar to the overall EU GDP impact (close to 0.4%), while investments lead to
substantially stronger boost in the range of 0.9 per cent. EU imports increase by around
0.3 per with exports seeing only marginal change.
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