Author (Person) | Odendahl, Christian, Springford, John |
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Publisher | Centre for European Reform (CER) |
Series Title | CER Policy Brief |
Publication Date | 21/05/2020 |
Content Type | Research Paper |
Summary: COVID-19 is not a ‘symmetric’ shock to Europe’s economy. The economic costs of lockdowns, and the continued social distancing measures that follow them, will be different across countries and regions. And some governments are better able to offset the costs of these measures than others – and to stimulate their economies once the virus is under control. Further economic divergence is bad in and of itself. But it will also make European politics even more fractious. Slow growth in some regions provides fertile ground for the far right and left, and undermines the appeal of the EU as a ‘convergence machine’. |
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Link to Main Source
https://www.cer.eu/publications/archive/policy-brief/2020/three-ways-covid-19-will-cause-economic-divergence-europe
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Subject Categories | Economic and Financial Affairs, Health |
Subject Tags | Economic Governance | Situation, Economic Imbalances |
Keywords | COVID-19 (Coronavirus) |
Countries / Regions | Europe |
International Organisations | European Union [EU] |