EU Medium-Term Economic Outlook: Vaccine and New Policy Developments Fuel Optimism
As the global economy emerges from the pandemic, the EU has launched an ambitious Recovery Plan that will underpin strong growth and a green, digital transformation.
With the pace of vaccine distribution set to increase steadily over the coming months and a Brexit deal on the books, there is good reason to be optimistic about the future. Although the second wave of the pandemic will inevitably delay the recovery of the EU economy, green shoots are beginning to show and the outlook for the second half of 2021 looks rosy.
The EU is already emerging from this crisis as a stronger, more unified, and more forward-looking union. In the short term, the pace of the recovery will depend crucially on ongoing accommodative fiscal and monetary policies. Looking ahead, the EU-funded recovery plan – known as Next Generation EU – will play a central role in reviving the economy and preparing Europe for new challenges and opportunities. By prioritizing investments in green technology and the digital transition while promoting structural reforms, Next Generation EU will trigger a pro-growth agenda that will not only boost living standards and quality of life across Europe, but also make it a more efficient and productive place to do business. The EU is also looking forward to robust cooperation with the new Administration in Washington, D.C. A renewed transatlantic partnership has the potential to tackle the many challenges facing the global economy.
Join us for an in-depth discussion of all these issues, as well as an overview of the latest EU economic outlook. Top European economic experts Kris Orsini and Ben Carliner will walk you through the recent economic data, discuss the outlook, and explain how the EU’s recovery and reform agendas go hand in hand.
● Kris Orsini, Counselor for Economic and Financial Affairs, EU DELEGATION TO THE UNITED STATES
● Ben Carliner, Senior Economist, EU DELEGATION TO THE UNITED STATES
● Yvonne Bendinger-Rothschild, Executive Director, EUROPEAN AMERICAN CHAMBER OF COMMERCE NEW YORK [Moderator]