cover image: Limited - June Projections permanent economic damage from the 2021 coronavirus

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Limited - June Projections permanent economic damage from the 2021 coronavirus

18 Jun 2021

As turnover levels are recovering strongly, the impact of support measures on the government budget in the third quarter will be lower than in the first six months of the year. [...] The main uncertainties in these projections concern the course of the pandemic and the development of the savings rate. [...] CPB PROJECTIONS - June 2021 Page 5 of 6 Will the EU’s Recovery and Resilience Facility come too late? The European Commission's recovery fund is to contribute to the economic recovery from the coronavirus crisis in the short term, and to structural strengthening in the medium term. [...] It is notable that Spain and France plan to spend the money mainly in the first years, while Italy, the largest recipient, intends spreading the grant over the entire duration of the fund. [...] In addition, the fund is aimed at reform measures, such as those to improve the functioning of the labour market in the Netherlands.

Authors

CPB

Pages
6
Published in
Netherlands