Assessing the socio-economic situation in European Union member states in the implementation of new strategies and forms of interaction

Abstract

Subject. The article addresses problems related to development of strategies, programs, and forms of interaction between the countries of the European Union. Objectives. The purpose is to analyze socio-economic condition of European Union member States and explore individual strategies, programs, and approaches, aimed at reducing the inequality in the integration group. Methods. The study employs tools of statistical analysis, the historical and logical method, and the method of scientific abstraction. Results. I analyzed indices of the physical volume of GDP per capita, consumer price indices for food products, the level of employment and unemployment. The paper pays particular attention to assessing the level of youth unemployment in the European Union. It investigates the main principles and specific features of the European Pillar of Social Rights. Conclusions. The identified trends can be taken into account in the implementation of new development strategies and programs of the European Union.