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The 2020 territorial impact of COVID-19 in the EU: A RHOMOLO update

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Abstract

The Covid-19 crisis started in the EU at the beginning of 2020. The economic activity rebounded in summer, but there was another setback in late 2020 as the pandemic resurgence prompted a new round of containment measures. In 2020, the Rhomolo model was used to simulate the potential economic impact of Covid-19 across EU regions for the launch of NextGenerationEU (European Commission, 2020). This Policy Insight reports new territorial results based on up-to-date information on the effects of the crisis in the European economies in 2020. The results, in line with the latest country-level Eurostat official statistics, suggest that there is considerable regional heterogeneity in the impact of the Covid-19 crisis with clear implications for the policies to be put in place for recovery.

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  • SAKKAS Stylianos & CRUCITTI Francesca & CONTE Andrea & SALOTTI Simone, 2021. "The 2020 territorial impact of COVID-19 in the EU: A RHOMOLO update," JRC Research Reports JRC125536, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc125536
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC125536
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    Keywords

    rhomolo; region; growth; cohesion policy; general equilibrium; spatial spillovers; Covid-19;
    All these keywords.

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