South European states benefited most from NGEU – ECB
Recovery and resilience facility’s structural reforms expected to pay off in the long run
The European Union’s NextGenerationEU (NGEU) programme will increase eurozone GDP by 0.3–0.8% by 2026 and 0.2–0.6% by 2031, but Croatia, Greece, Italy and Spain are likely to see larger effects, new research from the European Central Bank finds.
The paper’s authors, Krzysztof Bańkowski and colleagues, show that by 2026, Spain’s GDP will increase by 1.2–1.7% thanks to the programme, while Italy’s will grow by 1.3–1.9%.
“Similarly marked effects can be found in some of the smaller eurozone countries
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