Publications The public debt outlook in the EMU post Covid

The public debt outlook in the EMU post Covid: A key challenge for the

2021-02-26

The public debt outlook in the EMU post Covid: A key challenge for the

This paper was prepared as a contribution to the EFB Annual Conference on 26 February 2021

The Covid-19 pandemic triggered an unprecedented global economic and health crisis that will have a long-lasting impact on public finances. This paper takes stock of the emerging public finance landscape in the (post-)crisis environment. It explores 10-year scenarios for economic growth and public finances in several EU countries, and discusses their implications for fiscal sustainability. It takes up key challenges for the EU fiscal framework moving forward, especially the future of the so-called debt rule.