Post Covid-19 Potential Output in the Eurozone
Tuesday, December 15, 2020
Summary
A majority of the CfM-CEPR panel of macroeconomic experts on the European economy predict a 2-5% decline in the level of potential Eurozone GDP, but no impact on potential the long-run growth rate.
Background
The December 2020 CfM-CEPR survey asked members of its European panel to estimate the loss in the level and growth rate of potential GDP in the Eurozone due to the Covid-19 pandemic.
Covid’s Long-run Impact on the Eurozone Economy