The COVID-19 crisis will lead to a sharp contraction of GDP in all EU member states. From billions for airlines to several hundred euros for small businesses, governments have been supporting their economy in different ways. 

Migrant workers’ remittances are economically indispensable to many countries. However, across the world remittances will decline by about 20 percent in 2020 due to the pandemic.

The Covid-19 crisis brought about unprecedented reductions in CO2 emissions and energy consumption, benefiting renewables. This effect may be temporary however – but it could also mark the beginning of an ecological transition compatible with safeguarding the planet.

European countries are not all equal in the face of the Covid-19 crisis. Both the impact of the epidemic and responses to it have differed greatly, as this overview by Alternatives Economiques shows.

The proportion of people living at risk of poverty has dropped in most European countries over the last five years. But a few countries counters this trend, and large gaps remain within nations. In this report we look closer at the risk of poverty across Europe.

How did COVID-19 lockdown impacted all four main economic confidence indicators? Our Stats Monitor makes it possible to monitor the evolution of industrial, consumer, construction and retail confidence over time.

According to researchers from the Croatian Institute of Public Finance, even if the health crisis improves very quickly, a difficult year lies ahead for the country.

EU heads of state and government failed to agree on a united response to the economic crisis triggered by COVID-19. Yet after the measures taken by the European Central Bank, there is no longer urgency to enact a measure like eurobonds.

Calls have been coming from all sides for the EU to intervene in the COVID-19 crisis in the name of European solidarity. Although the Union has little room for manoeuvre in the public-health sphere, it can use the powerful lever of economic and monetary policy to counter the coming economic downturn.