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

Stelios Sakkas, Francesca Crucitti, Andrea Conte and Simone Salotti

No JRC125536, JRC Research Reports from Joint Research Centre

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.

Keywords: rhomolo; region; growth; cohesion policy; general equilibrium; spatial spillovers; Covid-19 (search for similar items in EconPapers)
Date: 2021-07
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc125536

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