COVID and Jobs in Europe – Getting back to work

In this article, we describe how European policy makers and business leaders can think about how to prioritize both protecting lives and restoring livelihoods. Even in countries where lockdowns are unlikely to be lifted for several weeks, governments and companies need to be planning and preparing to restart their economies.

We start from three observations:

• Countries are working hard to establish enablers, especially testing, contact tracing, and quarantining.
• There is much to learn from what other countries are doing as they ease restrictions; it is important to think through how to adapt those efforts to the European context.
• A localized approach, down to the region or district level, is well suited to address the demand shocks that have, so far, inflicted the most hurt on Europe’s economies.

Chosen excerpts by Job Market Monitor. Read the whole story @ European economy: Preparing to get back to work | McKinsey