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Manage episode 286579515 series 1399307
By Bruegel. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
This podcast episode is part of Bruegel’s macroeconomic outlook series of The Sound of Economics, in which we bring you regular analysis of all things macro and fiscal policy.
This February, the European Commission published the Winter 2021 Economic Forecast with the estimation of a 3.7% increase in GDP in the EU in 2021. While this means a recovery from the pandemic, economic uncertainty still remains significant.
On the other side of the globe, the Biden administration has announced a $1.9 trillion fiscal package. Would this result in inflation risks? How will this affect European economies? And, what fiscal intervention is needed in the euro area?
Maria Demertzis, Deputy director of Bruegel, is joined by Elina Ribakova, Deputy Chief Economist at the Institute of International Finance, Christian Odendahl, Chief economist at the Centre for European Reform and Grégory Claeys, senior fellow at Bruegel to discuss the Commission forecast, recent US fiscal package and their insights of the macroeconomics outlook in the EU and globally.
Demertzis, M. (2021) ‘A K-shaped recovery and the role of fiscal policy’
Claeys, G. and M. Demertzis (2021) ‘The productivity paradox: policy lessons from MICROPROD’, Policy Contribution 01/2021, Bruegel
Demertzis, M., M. Domínguez-Jiménez and A. Lusardi (2020) ‘The financial fragility of European households in the time of COVID-19’, Policy Contribution 2020/15, Bruegel