The global economy was already on a slowdown when the COVID-19 outbreak appeared, leading the world to one of the most serious pandemic diseases during the last 100 years.
A health crisis translates to an economic crisis and the scenario of a deep recession comes to the fore. Within this environment, Europe is once again called upon to prove that it can effectively manage one more crisis, being solidary and united. Will Europe succeed? The Economist Events, being in search of the priorities, as well as of the appropriate economic policy tools that will keep the euro strong and stable against the new coronavirus crisis and its implications, organized the digital event EURO ZONE’S QUEST FOR A CORONAVIRUS “VACCINE” with the participation of international and greek senior executives and members of state.
Among the speakers was Dean K. Axarloglou who shared his thoughts about the needed fiscal stimulus and the challenges that lie ahead and concluded that the pre-COVID19 “normal” will be significantly different than the post-COVID19 “new normal”
Most spesifically :
The Challenge: The post COVID-19 “New Normal”:
The launch of an effective vaccine will be followed by a burst in spending and economic activity. But the “New Normal” will be characterized by:
The virtual event was viewed by 48.000 guests from more than 40 countries.