Public Investment Key to the Southern EU COVID-19 Recovery
With the end of April deadline approaching, EU (European Union) member states have started to prepare their respective national recovery and resilience plans to receive funds from the Next Generation EU (NGEU) program. These resources aim to strengthen the bloc's economic recovery and limit divergence in economic performance that could otherwise remain a challenge in the aftermath of the COVID-19 shock. DBRS Morningstar believes EU resources could be particularly important for Southern EU economies that are expected to be almost all net EU budgetary recipients of these funds.
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