Investment Report 2022/2023 - Key Findings E-Book

• Herausgeber: European Investment Bank
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2023

Seitenzahl: 18

Beschreibung

Political strife caused by the war in Ukraine, an energy crisis and tightening credit are hitting EU firms just as they were beginning to emerge from the COVID-19 crisis. While the pandemic was a major shock, sizable policy support enabled firms to survive and transform. Relatively easy access to funding also helped them weather the crisis. Pandemic support has since been pulled back, however, and now firms are grappling with high inflation, instability and tighter credit conditions. These combined pressures are souring firms' outlook. The report provides insight into the state of the European economy and its ability to withstand these crises while also becoming greener and more digital. The analysis is based on the EIB Group's annual Investment Survey, which surveyed 13 000 firms in the European Union from April until July 2022 on their performance, investment, financing issues and challenges. These key findings, provide a short accessible summary of the main report's messages.

Leseprobe

EUROPEAN INVESTMENT BANK INVESTMENT REPORT

2022/2023

KEY FINDINGS

Resilience and renewal in Europe

Disclaimer

The views expressed in this publication are those of the authors and do not necessarily reflect the position of the EIB.

About the European Investment Bank

The European Investment Bank Group is the EU bank and the world’s biggest multilateral lender. We finance sustainable investment in small and medium-sized enterprises, innovation, infrastructure, and climate and environment. We have financed Europe’s economic growth for six decades and are at the forefront of EU crisis response, leading the world in climate investment and backing development of the first COVID-19 vaccine. We are committed to triggering €1 trillion in investment in climate and environmental sustainability to combat climate change by the end of this decade. About 10% of all our investment is outside the European Union, where our EIB Global branch supports Europe’s neighbours and global development.

The full version of the Investment Report 2022/2023: Resilience and renewal in Europe can be downloaded at:

https://www.eib.org/en/publications/20220211-investment-report-2022

Introduction

A series of shocks have battered the European economy. Europe was rebounding strongly from the COVID-19 crisis, but now faces of a severe worsening of its terms of trade driven by a surge in energy prices, the cost of which must be shared between European businesses, governments and households. These added pressures risk delaying important investment to address long-term, structural challenges, including the climate transition and digitalisation. Europe’s future depends on being able to compete internationally and on leading in innovation, particularly in strategic technologies linked to the climate transition.

As growth slows and budgetary pressures mount, public investment must be protected to reduce economic scarring and to stimulate the private sector. The impact of the energy shock on individual EU members and their capacity to respond vary widely. Support for innovation and the climate transition must therefore be well coordinated to promote a level playing field in the single market, tackle uncertainty about policies and foster cohesion.