Figure 4. Accumulated effects on the European GDP-level with the investment pact
Source: ECLM on the basis of the international macroeconomic model HEIMDAL.
The calculations on the model show that the pact will create at least 1.2 million jobs towards 2014 on an EU level. In figure 5 it is shown how more than 1⁄2 a million jobs are created already in 2013, in- creasing to more than 1.2 million new European jobs by 2014.