Event

Business

Scenarios for Economic Recovery in the EU post Covid-19

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Location: Online Webinar
Access: Everybody
Fee for members: 0
Fee for non-members: 0
The Next Generation EU (NGEU) fund was agreed by EU leaders as a socio-economic relief package for member states affected by the Covid-19 pandemic. One year ago, EU leaders agreed to provide €800 billion in joint debt to finance and boost the recovery of Europe and foster a more green digital and resilient economy post-pandemic. At the end of June 2021, EU member states received their first payments under the Next Generation EU fund.

The British Chamber of Commerce| EU & Belgium will hold an economic briefing in the form of an online webinar on October 5th at 17:00 CET to address the different scenarios for economic recovery in the European Union post Covid-19.

We look forward to welcoming Xavier Vanden Bosch, the European Semester Officer for Belgium, who will discuss the development of the EU’s recovery fund and its long-term goal of aiding the green transition, digital transformation and promoting sustainable growth for the EU’s next generation. We will review the ways in which the EU could repay the debt, including new revenue sources, budget cuts, extension of the bloc’s carbon-trading scheme, taxes on polluting imports ‘carbon border adjustment mechanism’ and a digital tax.

We will be joined by Baudouin Regout, advisor for economic, financial and banking questions at the European Commission’s Bureau for European Policy Advisers (BEPA), who is also the advisor of Thomas Dermine, State Secretary for Scientific Policy, Recovery Program and Strategic Investments. Baudouin Regout will outline Belgium’s national spending plan and how the country intends to utilise the fund to reboot their economy and ensure long-term sustainable growth.

Furthermore, Philippe Ledent, a senior economist from ING Belgium, specialised in economics, monetary policy, global economic outlook, and the Belgian economy, will provide an insightful overview of the scenarios for economic recovery in the EU post Covid-19, covering economic activity in Belgium, inflation rates, growth forecasts and risk scenarios.

We look forward to welcoming you to this economic briefing!

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This event is held under the Chatham House Rule.

It aims to provide anonymity to speakers and to encourage openness and the sharing of information. It is now used throughout the world as an aid to free discussion. When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.