Catalina Espinosa
Research expert covering society, economy, and politics for Europe and the EU
Get in touch with us nowNextGenerationEU: forecasted additional annual GDP growth by member state 2021-2030
The NextGenerationEU economic stimulus plan is set to be implemented according to each European Union member state's national recovery & resilience plan between 2021 and 2026. The stimulus effect which this will have varies across the different member states, with those states which are set to receive a relatively large stimulus package compared with their GDP experiencing a greater boost to growth than others, according to GDP forecasts.
Countries such as Greece, Bulgaria, and Croatia are set to experience as much as three percent additional GDP growth over the target years for the NextGenEU programs. On the other hand, countries such as Sweden, the Netherlands, and Austria, who will receive relatively smaller packages, will experience additional GDP growth of less than one percent per year, mostly caused by spillovers from other countries' plans. While the packages are to be dispersed between 2021 and 2026, the effect on GDP growth in many countries is set to be long-lasting, with growth being boosted into the 2030s.
Countries such as Greece, Bulgaria, and Croatia are set to experience as much as three percent additional GDP growth over the target years for the NextGenEU programs. On the other hand, countries such as Sweden, the Netherlands, and Austria, who will receive relatively smaller packages, will experience additional GDP growth of less than one percent per year, mostly caused by spillovers from other countries' plans. While the packages are to be dispersed between 2021 and 2026, the effect on GDP growth in many countries is set to be long-lasting, with growth being boosted into the 2030s.
