Simulated GDP - in the partial integration scenario
While the integration scenario is based on the assumption that the process of integration in the CE area will rapidly take place, the partial integration scenario assumes that the pandemic generates a slowdown of the integration process within the CE area by limiting institutional and economic interactions, and postponing agreements. The difference between the results of the two integration scenarios represents the GDP loss generated by the missed integration caused by COVID-19.
What distinguishes the New Normality scenario from the Integration and the Partial Integration ones i s the l ong-term i mpact of the pandemic on other economic and non-economic indicators different from GDP. Notably, PM10 emissions in the Integration scenario are expected to decrease, due to the generalised integration of production facilities, and the resulting decrease in freight transportation.
Theme(s): Economy, finance and trade - Economy, Finance and Trade
| Spatial Extent | Nomenclature | ||
|---|---|---|---|
| name | version | level | |
| Central Europe | NUTS | 2013 | 2 |
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