Press releases

International experts surveyed by EconPol Europe expect the election of Joe Biden to boost economic growth in their countries. The survey of 843 experts from 107 countries reveals they expect the Democratic candidate’s win to add 1.16 percentage points on average to growth in 2021.

A change in US monetary policy could impact global exchange rates

“Sacrificing lives does not save the economy” is the stark conclusion of a new policy report from EconPol Europe. The report, which provides an overview of the number of cases, death toll, economic disruption and measures taken to combat Covid-19, concludes that short of an effective vaccine, no single measure is enough to stop the pandemic.

Increases in tax rates result in falling public spending efficiency, according to new research from EconPol Europe. This negative effect was found to be more significant for increases in personal income tax and value added tax. In times of economic expansion, increasing the corporate income tax base and reducing personal income tax rates were found to have a positive impact on public sector efficiency.

Global economic experts surveyed by EconPol Europe expect economic output to shrink by 4.4 percent in 2020, with projected GDP growth predicted to improve to + 3.2 per cent by 2021. But the forecasts - from 950 experts in 110 countries - suggest that recovery from the economic crash caused by the Covid-19 pandemic will be longer than previously expected, with pre-crisis levels not reached until 2022 in many places.