Orgalim welcomes the proposed EU recovery package and calls for close dialogue with industry
27/05/2020
We strongly welcome the European Commission’s proposal for a recovery package to “repair and prepare for the next generation” in response to the current crisis caused by the COVID-19 situation. Manufacturing in the Euro-area has experienced a substantial deterioration in its business cycle as the impact of COVID-19 hit both the demand and supply sides of the technology industry. In the industries represented by Orgalim – accounting for roughly one-third of Europe's total industry – the reduction in output was unprecedentedly strong, overtaking that experienced during the financial crisis of 2008-2009.