The business cycle

Live interview: EU Recovery Fund – Raffaella Tenconi at Finanza Now (04/08/20)

By August 5, 2020February 17th, 2021No Comments

In our view, the post-COVID19 recovery will be a very slow and long process spanning 3 years.

The Recovery Fund might help in the short-term, but it is not optimally designed to support an improvement in Eurozone GDP potential growth, and that also means it is not adequate for reversing the stagnation of Italy.

Watch the recording of yesterday’s interview at Finanza Now for more insights : https://youtu.be/pLpf2AKSeEg?t=53

Thanks for watching!

ADA’s estimate methodology: Unemployment rate proxy assuming labour participation unchanged and furlough workers counted as unemployed