The European business community supports the 5 main priorities of the Portuguese Presidency. Like you, we want to achieve a resilient Europe, a green Europe, a digital Europe,a social Europe and a global Europe.
In this unprecedented crisis, European companies do their utmost to preserve Europe’s economies and societies.They take strong measures to mitigate the economic and social impact of the crisis. They do all they can to protect workers at their workplaces, preserve value chains, maintain jobs, and accelerate the digital and green transitions. To allow business to fully play its role, we urge the Portuguese Presidency to focus on creating framework conditions that will enhance Europe’s long-term capacity to generate growth and employment and to encourage structural reforms.
The virus is still present, and more coordination is needed to contain the threat of a new wave of infections across Europe. With the start of COVID vaccinations at the end of December2020, there is light at the end of the tunnel. But the path back to pre-crisis levels of economic output is likely to be long and uneven as uncertainty remains high. BusinessEurope’s latest economic outlook points to a fall of over 7% in the EU in 2020 and growth of 5.0% in 2021 meaning that the EU economy would still be 3% below pre-crisis levels at the end of 2021.
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