EU Looking to Support Equity of Virus-Hit Companies: Dombrovskis

The transcript discusses the EU's economic forecasts, predicting a 7.7% recession in 2020 and a 6.3% rebound in 2021. It highlights the impact of confinement measures and the importance of epidemiological forecasts. The EU's crisis response includes a €3.4 trillion mobilization and the development of a recovery instrument to increase the EU budget's financing power. The focus is on supporting equity investments in companies, especially in southern and eastern Europe, to limit economic divergence. The EU emphasizes a strong budget and investment strategy for 2021-2022 to ensure a balanced economic recovery.

What is the purpose of the recovery instrument being prepared by the European Commission?

What is the goal of providing support to southern and Central Eastern European countries?