The President of the European Central Bank, Christine Lagarde, stated in this case that “countries whose economies have turned or turned to tourism may take more time to recover”.
European Central Bank President Christina Lagarde said that by 2023, the stimulus package proposed by US President Barack Obama will benefit the European economy by 0.3%.
The European Central Bank’s estimates take into account the already approved package, which was valued at $1.9 billion (1.6 billion euros) in March, which is the third economic revival since the beginning of the covid-19 pandemic.
“We are calculating. This is a preliminary assessment and it will have an impact on GDP. [Produto Interno Bruto] It accounts for about 0.3% in Europe. In a video conference organized by Reuters, he said that at the end of our medium-term plan (ie 2023), it will also have an impact of about 0.15% on inflation.
He added that the biggest impact will be in 2022, estimated at 0.2%, with the remaining 0.1% in 2023.
Christine Lagarde stated that certain sectors (such as transportation) are most affected and must “reshape themselves”. Countries whose economies “turn or turn to tourism may also take longer. restore”.
The former directors of the International Monetary Fund (IMF) also predict that the European Union (EU) corporate bankruptcy procedures will increase in 2021.
“The guarantees provided by the government, the decided suspension measures, and the sometimes ineffective judicial system were suspended and blocked. Everything is going on normally, so the number of bankruptcy applications has been greatly reduced. 2020 is more “reasonable” than before.