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EU Employment Dynamics: The Pandemic Years and Beyond

By: Jestl, Stefan.
Contributor(s): Stehrer, Robert.
Material type: materialTypeLabelBookSeries: wiiw Research Reports: 457Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2021Description: 73 S., 36 Table and 23 Figures, 30cm.Subject(s): EU employment dynamics | forecasts | pandemic | recoveryCountries covered: EU Member Stateswiiw Research Areas: Labour, Migration and Income DistributionClassification: C53 | J21 Online resources: Click here to access online Summary: The economic shock induced by the pandemic has plunged European economies into a recession. Lockdowns and social distancing measures have affected economic life in a substantial way, with industries and population groups facing varying difficulties. This study explores potential future employment dynamics across European industries and employment groups for the period up to 2026 by drawing on past sectoral trends and the latest macroeconomic forecast results from the International Monetary Fund (IMF) and the European Commission. A scenario analysis is also carried out, taking into account the great uncertainty and risks that are related to the baseline forecasts.

The economic shock induced by the pandemic has plunged European economies into a recession. Lockdowns and social distancing measures have affected economic life in a substantial way, with industries and population groups facing varying difficulties. This study explores potential future employment dynamics across European industries and employment groups for the period up to 2026 by drawing on past sectoral trends and the latest macroeconomic forecast results from the International Monetary Fund (IMF) and the European Commission. A scenario analysis is also carried out, taking into account the great uncertainty and risks that are related to the baseline forecasts.

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The Vienna Instiute for International Economic Studies (wiiw)

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