How Europe will rebound from the COVID-19 crisis

14 minute read 6 Jul 2021
Authors
Julie Linn Teigland

EY EMEIA Area Managing Partner and EY Global Leader – Women. Fast forward

Passionate about the transformational power of digitalization and innovation and its potential to deliver sustainable, inclusive growth for clients. Prominent voice of the Women20 global agenda.

Marc Lhermitte

Partner, EY Consulting, Global Lead – FDI & Attractiveness

Fascinated by the complex interactions between companies, people and the geographies they live in.

Alessandro Cenderello

EY Global Client Service Partner for the EU Institutions

Proud citizen of the European Union and advocate for diversity. Music, food and wine lover.

14 minute read 6 Jul 2021

To remain a long-term attractive investment destination and rebound from the COVID-19 crisis, Europe needs to address new business priorities.

Business leaders around the globe are being propelled toward a paradigm shift, expedited by the COVID-19 pandemic. Amid these unprecedented circumstances, investors still perceive Europe to be a stable environment with an abundant supply of skilled labor, robust infrastructure, political stability and a large, addressable market. The EY Europe Attractiveness Survey 2021 focuses on understanding the impact of COVID-19 on foreign investment in Europe and the expectations around investment opportunities in the next few years. The good news is that our survey clearly indicates that foreign investment is set to rebound in Europe, after the 2020 downswing. 

To coincide with the release of the 20th edition of the EY Europe Attractiveness survey 2021 (pdf) launched on 7 June, the EY organization set up  a virtual panel discussion to share insights on the future of Europe. Karel Lannoo, CEO of the Centre for European Policy Studies (CEPS), a leading think tank and forum for debate on EU affairs, and Julie Linn Teigland, EY EMEIA Area Managing Partner, joined Alessandro Cenderello, EY Managing Partner for EU institutions, to talk about some of the positive signs and developments that are expected to help Europe rebound from the COVID-19 crisis. They were joined by Marc Lhermitte, EY Consulting Global Lead – FDI & Attractiveness, who shared highlights of the latest data from the EY Europe Attractiveness Survey.

Summary

Foreign investors back Europe, but is Europe back? Watch this discussion on the outcomes of this year's EY Europe Attractiveness Survey and key factors that leaders must consider to ensure Europe’s rebound in the aftermath of COVID-19.

About this article

Authors
Julie Linn Teigland

EY EMEIA Area Managing Partner and EY Global Leader – Women. Fast forward

Passionate about the transformational power of digitalization and innovation and its potential to deliver sustainable, inclusive growth for clients. Prominent voice of the Women20 global agenda.

Marc Lhermitte

Partner, EY Consulting, Global Lead – FDI & Attractiveness

Fascinated by the complex interactions between companies, people and the geographies they live in.

Alessandro Cenderello

EY Global Client Service Partner for the EU Institutions

Proud citizen of the European Union and advocate for diversity. Music, food and wine lover.