Press releases

In the event of a sharp rise in unemployment in the United Kingdom, the welfare state cushions between 36 and 37 percent of all income losses. This is the result of an EconPol study that examines social security systems in the EU. “The social security systems in Scandinavia and Western Europe buffer their citizens’ income losses most comprehensively.

En cas de hausse importante du chômage, l’État social en France rattrape les baisses de revenus globales des demandeurs d'emploi dans une fourchette de 38 à 73 %. En Belgique, c’est entre 52 et 73 %, au Luxembourg entre 43 et 52 %.  C’est ce qui ressort d’une étude d’EconPol sur les systèmes de protection sociale des pays membres de l’Union Européenne. « Les systèmes de prévoyance scandinaves et d’Europe de l’Ouest offrent la meilleure protection contre les conséquences financières du chômage.

In Deutschland federt der Sozialstaat im Falle eines starken Anstiegs der Arbeitslosigkeit zwischen 53 und 63 Prozent aller Einkommensverluste ab. Das geht aus einer EconPol-Studie hervor, die soziale Sicherungssysteme in der EU untersucht. „Die Sozialsysteme in Skandinavien und Westeuropa puffern Einkommensverluste ihrer Bürgerinnen und Bürger besonders umfassend ab.

Economic experts in major European countries are particularly critical of the US Inflation Reduction Act (IRA). This is the finding of a global survey carried out by the ifo Institute in collaboration with the Swiss Economic Policy Institute. “Misgivings are especially grave in Germany and France. Economists in the UK, Ireland, Italy, Switzerland, Austria, and Belgium are also skeptical. But their colleagues outside Europe are far more relaxed about the effects of the IRA.

Economic sanctions induce considerable economic damage in the target countries. Sanctions by the United Nations cause growth in sanctioned countries to decline by 2 percentage points annually. Extrapolated over ten years, this is equivalent to a 25 percent drop in per capita economic output. Unilateral sanctions by the US lead to an annual decline in growth of almost 1 percentage point in the countries affected. In the long term, this corresponds to a 13 percent slump in the economy’s output per capita.