Brussels Economic Forum 2021: How can Europe build a new post-pandemic economy?
Restarting European economies after the blow of the coronavirus pandemic is essential for the bloc’s recovery and bringing together the sharpest minds is crucial for the future.
On Tuesday 29 June, international policy makers, academics, civil society and business leaders will meet at the Brussels Economic Forum, the European Commission’s flagship annual economic event.
The main event which will start at 1:45 p.m. CEST will begin with an opening speech by the President of the European Commission Ursula von der Leyen and will include a lecture by German Chancellor Angela Merkel as well as keynote addresses by the President of the European Central Bank Christine Lagarde and the Prime Minister of New Zealand. Minister Jacinda Arden.
The annual event, which has lasted for over 20 years, will be hosted by Euronews business editor Sasha Vakulina. Discussions will focus on: “making this happen, building the new economy we want”.
The first wave of the COVID-19 pandemic in 2020 caused the worst recession in EU history, according to forecasts by the European Commission, according to which between April and June 2020, the EU economy has down 11.4%.
But with activities reopening in time for the summer and vaccinations underway, the latest Commission forecast estimates that European economies will return to pre-crisis levels by the end of 2022.
The bloc has also launched its NextGenerationEU stimulus package, which, along with the EU’s long-term budget, is the largest stimulus package ever funded in Europe. The total of 1.8 trillion euros aims to be a greener, more digital and more resilient Europe.
Part of Tuesday’s discussion will focus on a green and fair recovery with European Economic Commissioner Paolo Gentiloni, Ingka Group Chairman and CEO Jasper Brodin and economist Esther Duflo, also a wrestling economics professor. against poverty and development. at the Massachusetts Institute of Technology.
Has GDP had its day?
Another discussion will focus on whether the gross domestic product should be replaced by a different economic indicator. GDP was first used to measure material production needs during World War II.
But a new Commission report says GDP is failing to inform policymakers about how the benefits of growth spread through people. He also says he does not take into account the depletion of natural resources and environmental sustainability. The panel will speak on this subject: Katherine Trebeck from the Wellbeing Economy Alliance and Charles Wyplosz, professor emeritus of international economics at the Graduate Institute Geneva.
A full list of the panel can be viewed here and you can watch the discussions live on Euronews.com.