Transcription of Impacts of the COVID-19 pandemic on EU industries
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Impacts of the COVID-19 pandemic on EU industries
Impacts of the COVID-19 pandemic on EU industries Policy Department for Economic, Scientific and Quality of Life Policies Directorate-General for Internal Policies Authors: Jan Maarten DE VET, Daniel NIGOHOSYAN, Jorge N EZ FERRER, Ann-Kristin GROSS, Silvia KUEHL, and Michael FLICKENSCHILD PE - March 2021 EN STUDY Requested by the ITRE committee Abstract The COVID-19 crisis has had a substantial impact on the EU27 economy and triggered unprecedented policy responses across Europe and the globe. With evidence on the effects on the EU industry manifested until the beginning of 2021, this report aims to address the following key is sues: (1) im pact of COVID-19 on the EU economy as a whole and across sectors; (2) im pa ct on strategic value chains; and (3) necessary recovery measures to meet the needs of the EU industry . This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on industry , Research and Energy (ITRE).
the digital industry has performed well, and so has the healthcare industry. Enabling industries like chemicals, construction, and the food and drinks sector are likely to experience a V-shaped recovery from the crisis . Despite the initial shocks, automo tive and textile industr ies appear to be on a recovery path since the first lockdowns .
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