Innovate the path of European economic recovery
September 21, 2020 08:27 Source: "China Social Sciences" September 21, 2020 Issue 2015 Author: Reporter Long Hao Intern reporter Chen Yutong

The European economy has experienced unprecedented impact,We ushered in a faster recovery。But the European epidemic has not ended,Social control measures are still continuing,European economic recovery is far away。September 11,European Parliament Consultant、Research Director of the European Policy Research Center Daniel GROS (expressed in the latest report "Europe and Epidemic: The Challenge Ahead" released by the center,EU member states should actively carry out structural reforms,Digging the potential of European economic growth,Realize the European Economic Revolution。

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Affected by the epidemic of new crown pneumonia,Bet365 lotto review Global economic uncertainty increases。Gross thinks,At the current stage,EU member states shall make predictions on the economic development situation based on existing data,Related policies for European economic recovery in time。The latest prediction display of the European Commission,Because the recovery speed is slow,Even by 2021,The European economy cannot return to the level before the epidemic。

Report proposed,Social control measures still exist,European economic recovery still takes time。EU member states are very different in terms of economic recession and the degree of economic recovery。Study name,The main factors affecting the economic development of European countries are the strictness of social control and the proportion of tourism in the total national product。The impact of the epidemic on different economic fields is also Bet365 app download different。such as,Air、In the field of tourism, the epidemic is greatly affected,and the development of economic digitalization rapidly。

 Follow the industry impact

Gross said,When European countries formulate policies,To provide income subsidies more targeted。The short -term work plan proposed by the European Union only provides subsidies for employees staying in the original position,This situation should be adjusted。EU should still take measures,Insurance to ensure the interests of employees who engage in part -time or temporary work and have a second job。From Gross's view,This is conducive to achieving a win -win situation for the government and workers。

When European countries formulate economic recovery policy,The premise should be based on the industrial characteristics Bet365 app download of this round of economic recession。The industry characteristics of this round of economic decline weaken the law of the principle of Kanens multiplication,Standard financial stimulus measures are difficult to achieve obvious results。The industrial impact caused by the epidemic to the European economy includes both supply shocks,also includes demand impact。To sum up,The method of dealing with the typical economic recession is not appropriate to deal with the European economic recession caused by the epidemic,Need more targeted stimulus policies。This also indicates,Should not link deficit only with the output gap or unemployment rate,These two indicators for typical economic recession are misleading under the current situation。Fiscal ability is applied to support economic adjustment and employment,instead of being committed to increasing family savings funds。

 Make full use of the European recovery fund

To speed up the European economic recovery process,Bet365 lotto review July 21,The EU summit launched the "recovery fund" of 750 billion euros to reach an agreement。Gross mentioned,European Fund has far -reaching political significance,It is a key step for European to unite。It reduces the risk premium of EU member states,and enhance the demand for euro assets in other countries and regions in the world。But to give full play to the economic value of the European recovery fund,It is necessary to take practical and effective action,Promoting economic structural reform。

European Fund will be used to support the "Promoting Sustainable Digitalization Revolution" project。Gross said,Member State will submit their highest quality alternative project,To ensure financing。After getting financing,member states can be based on their own priority,Effective use of the released fiscal space。European Fund provides project funds for member bet365 best casino games states,It also created additional fiscal space and reform opportunities for member states。other,European recovery funds should further increase support for high -value -added areas。

Editor in charge: Changchang
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