Traduction de «comprend le cycle économique » (Français → Anglais) :

The legislative act to be adopted (on the basis of, inter alia, Article 126 TFEU) should aim in particular to strengthen the preventive arm of the SGP and include economically and politically more sensible sanctions and incentives, while taking due account of the structure of the national deficit and debt (including implicit liabilities), the ‘economic cycle’, in order to avoid pro-cyclical budgetary policy, as well as the nature of the public revenues and expenditures needed for growth-enhancing structural reforms; all Member States should aim to make progress but those with larger gaps should generally contribute more towards meeting ...[+++]targets in respect of debt stock and deficits. Demographic evolution should also be taken into account when assessing current account imbalances.

To maximise job creation, preserve competitiveness and contribute to the general economic framework, overall wage developments should be in line with productivity growth over the economic cycle and should reflect the labour market situation.

Let's suppose you said the cycle is starting next year, and in the next economic cycle we're going to have.we're at full employment, so we're starting a new economic cycle.

The philosophy of the Stability and Growth Pact (SGP) implemented at the time of monetary unification, is to let the automatic stabilisers operate freely over the economic cycle, while at the same time maintaining budgetary discipline in other areas as a permanent feature of EMU.

It will also leave the Union better protected against future fluctuations in the economic cycle and provide it with a stronger economic basis to deal with the huge challenges of an ageing population.

That may well be true, but surely you're aware of a study by Professor Coulombe of the University of Ottawa. In his study, the Professor notes that economic cycles in Ontario and Quebec differ from cycles in other parts of Canada, that increasingly, these were more closely align with US economic cycles and that in the case of these two provinces, the economic heartland of Canada, the solution lay in a monetary union with the United States.