8th European Regional Meeting - Facts on economic and employment trends: A time of challenges and opportunities

The period 1995–2007 saw a number of political and economic developments in Europe and Central Asia, including the expansion of the EU from 12 to 27 member States. During this time, the economy in the region has become more integrated and diverse, employment rates rose in most countries and unemployment decreased. Yet by early 2009, the global economic situation had changed dramatically.