Different effects of "Covid-19" on the European Union economies

The uneven economic impact of the outbreak of the "Covid-19" pandemic on the countries of the European Union heralds an uneven recovery among these countries in the future, as the old southern countries of the continent are expected to grow at a weaker rate than the rest of the countries of the Union, due to structural factors.

The different economic and financial policy priorities among the most affected southern countries and their peers in the north and east will frustrate the European Union's ability to increase financial integration among its 27 members, as well as weaken its ability to implement monetary policies for the 19-nation euro currency countries.

With the effects of Corona on the global economy in general, and the European economy in particular, the risks of unrest are increasing, especially in the southern European region, where the pandemic has exacerbated pre-existing economic weaknesses in countries such as high unemployment rates, severe financial deficits, and high levels of debt.

The outbreak of the Corona virus is expected to affect all the economies of the European Union member states, but the impact is more severe in the southern countries of the Union whose economy depends mainly on the growth of tourism activity, as expectations indicate that this part of the Union countries will recover more slowly than it. In the countries of the north and east.

The impact of the economic crisis is further explained in southern Europe by the fact that economies in countries with warmer climates rely more on tourism to boost national income and economic growth.

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