One year long study of one of the health crisis that developed into an economic one, analysing the measures that countries are taking to address the emergence. The nature of this crisis is rooted in healthcare, but it does not stop there. The blow to the fundamental pillar of the economy needed an extraordinary support in many countries in order to prevent exceptional economic drops.
Because of the crisis, the countries began the de-escalation, struggling to find the new normality everyone is talking about.
Whith such adverse impacts faced by countries and their population, national governments felt the need of lending a hand in the recovery of their economies and the business sector, and poured more financial resources into the economy. This money is mostly borrowed, though, and will most likely be hard to pay back in the future. Besides, borrowed money always brings risks. Time will tell if these exceptional expenditures have been wise decisions or not, if the risk was worth it, which countries were able to use the financial packages to maintain their economies running, if the money was spent correctly, and even if correctly would have meant less.
The European Chamber carried out a research measuring the financial efforts that 46 European* countries have made in order to support the most affected sectors in their economy.