24 Feb

What makes an economy resilient? Lessons learned after the 2008 crisis and what it means for today

Since shocks cannot be avoided and are likely to occur more frequently in the future, it is crucial to strengthen economic resilience – “the ability of a country to withstand a shock and recover quickly to its potential [growth] after it falls into recession” – on national and regional levels. 

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The process of drafting of national recovery plans under a difficult time constraints seems to be a handful for all of the Visegrad countries. The stakeholder involvement, streamlining their requests and transparency pose particular problems.

Listen to the podcast from the online event - Winners and Losers of the pandemic - the Visegrad outlook. 

Visegrad governments should use the opportunity of the crisis for structural changes and reforms in the labour market, education and healthcare. They should also look beyond the GDP and embrace green transformation.  

The attempts of China to gain influence is all the more reason to increase mutual cooperation between Germany and the Visegrad Group within our membership of the EU, says Renata Alt from German FDP in the interview with EURACTIV Slovakia.

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