Quarterly EU Economic Update: Springtime in Europe – What the EU’s Green Transition Means for US Businesses

Though Omicron weighed on the European economy at the end of last year, growth is already regaining traction. Supply chain bottlenecks and high energy prices are expected to recede over the course of the year, though inflationary pressures are proving to be a bit more persistent than previously thought. Nonetheless, the EU recovery should now be entering a prolonged and robust expansion. A continuously improving  labor market, a large stock of accumulated savings, and especially the full deployment of the Recovery and Resilience Facility (RRF) should power strong domestic demand.

The investment outlook is as strong as it has ever been. Not only are businesses poised to invest more in critical equipment to boost productive capacity and resolve supply chain issues, the RRF is set to launch a wave of spending on new green and digital technologies.

Most member states have already received their first round of RRF pre-financing, and over €46 billion in grants and nearly €20 billion in loans have been distributed so far. Now, disbursements for countries that have already fulfilled specific targets and milestones in their Recovery and Resilience Plans are being rolled out. Spain received a €10 billion grant at the end of last year, and many more member states should receive additional disbursements soon.

Please join our discussion of the EU Spring economic outlook and to learn about the implementation of the Recovery and Resilience Plans and how you can get involved.

SPEAKERS:
● Balazs Parkanyi, Counsellor for Economic and Financial Affairs, EU DELEGATION TO THE UNITED STATES
● Ben Carliner, Senior Economist, EU DELEGATION TO THE UNITED STATES
● Yvonne Bendinger-Rothschild, Executive Director, EACCNY [Moderator]

TIME:
1:00 PM – 2:00 PM EDT / 19:00 h – 20:00 h CET

REGISTRATION FEE:
EACCNY Members: Free
EACCNY non-Members: Free