From support to recovery: national fiscal policy in the wake of COVID-19

Across the Atlantic, EU member states have been discussing a
recovery plan since last spring, striking an agreement over the
summer to create a €750 billion pandemic recovery fund.
Hard-pressed EU capitals must now submit detailed plans to
Brussels to unlock their share of the cash and begin rebooting
their economies. One such country is Italy, where an ambitious
once in a generation plan is being drawn up to spend €200 billion
to relaunch an anemic economy. The hope is that by pushing
through unpalatable reforms together with funds underwritten by
27 member states, that an economy that has not grown in real
terms for over two decades can be jump started. Bruegel has been
tracking the national recovery plans that states have been
submitting to Brussels to unlock funds, and plans to release an
overview soon.

Giuseppe Porcaro is joined by Bruegel scholars Carlo Altomonte,
Maria Demertzis and Zsolt Darvas to discuss economic stimulus and
its implications. 



For more details, please check our dataset on national fiscal
response to the economic fallout from the coronavirus.



Bruegel will soon publish a new dataset on national recovery
plans. Stay tuned!