The economic and social impacts of the COVID-19 crisis have been enormous. In order to analyse its scope and evaluate the EU’s response to it in the sphere of the single market and consumer protection, IMCO organised in November 2019 a workshop followed by a study, presented on 22 February.
Among the key findings are that the COVID-19 pandemic has caused the largest shock to the world economy since World War II, but that in general the EU's response to the crisis was good and sensible, with the noteworthy exception of vaccines orders which were placed much too late. Additionally, the Member States closure of borders has been efficient in most cases, but not in all. The study presents a thorough analysis and offers many ways forward for the EU.
Source : © European Union, 2021 - EP