The current economic context is creating a challenging environment for macroeconomic policy in Europe, with high uncertainty and a deteriorating economic outlook potentially depressing investment. This could delay critical investments in energy, digitalisation and innovation, which are the main facilitators of sustainable and competitive growth. Despite the burst of digitalisation triggered by COVID-19, the EU economy’s digital transformation still requires the adoption of more advanced digital technologies, such as 3-D printing, advanced robotics, the internet of things, big data analytics and artificial intelligence, drones, online platforms or augmented reality. European policymakers continue to strive for the adoption of these technologies in order to catch up with other global players.
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