BELFER CENTER | Almost nothing will be the same after the Covid-19 pandemic, and the European Green Deal (GD)—the EU’s sustainable growth strategy—is no exception.
The pandemic has caused twin crises: a public health crisis, with harrowing death tolls and the greatest challenge to health systems of our lifetime; and a global economic crisis, with rocketing unemployment, public debt increases, and a deep recession (at the least). All of this will require unprecedented investments and capital, as well as coordinated exit strategies. During a virtual G20 meeting in March 2020, member nations pledged up to $5 trillion to spur the economic recovery.
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