Corporate investment during the COVID-19 crisis
How did corporate investment fare during the pandemic? Is government support sufficient for firms, both in the short term and in the long term?
Speakers
Debora Revoltella
Director, Economics Department, European Investment Bank
Jan Mischke
Partner, McKinsey Global Institute (MGI)
Chiara Criscuolo
Head of Division, Productivity and Business Dynamics, OECD
Ricardo Mourinho
Vice President, European Investment Bank
Video and audio recordings
During the COVID-19 crisis the EU mobilised resources to support firms to weather the crisis but also to be ready for a green and digital future.
At this event, panellists discussed corporate investment in the EU drawing on data from the , which shows that this support reached the firms most in need – those affected by the crisis, but not firms that were previously zombie. Firms that received support were more likely to hold to their investment plans, thus transforming for the new normal. This is particularly evident when investment in digitalisation is considered. In the medium term, the capacity of firms to continue to transform is crucial. For that, targeted incentives will be critical.
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