Abstract
The recovery measures announced by Europe in parallel with the Green Deal are the perfect opportunity to step up the effort to measure the impact of public expenditure, both in the short and in the long term. To that aim, it is essential to quickly stabilise benchmarks to measure the financial and non-financial impact of investments in the European recovery plan.
Highlights
The crisis that unfolded after the outburst of the COVID-19 pandemic has been particular in many ways
Its specificities dictate the way in which any recovery plan should be designed and implemented
Stating Woodford’s position more moderately, on the monetary policy side, it is important to note that central banks in the euro area and in the US are in line with this analysis and loyal to the post
Summary
In 2020, the EU gave birth to the largest stimulus package it ever funded. Between the long-term budget of the EU and the temporary instrument to boost recovery ( Generation EU), a global envelope of €1.8 trillion is being mobilised to help rebuild post-COVID-19 Europe. The crisis that unfolded after the outburst of the COVID-19 pandemic has been particular in many ways. A key specificity of the 2020 crisis is the intensity with which the service sector has been affected. While the manufacturing and construction sectors have suffered the most from recent cyclical downturns, this time – the lockdown of spring 2020 – they were more resilient than the service sector. The heaviest burden today is borne by the lowest paying jobs in the service sector. This is true both in the United States and in Europe. In Europe, too, job losses have disporportionately affected different socio-economic groups.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
