This is reflected in increasing convergence with EU living standards, a comparatively rapid post-pandemic recovery and their pro-active role in response to the war in Ukraine. However, intensifying competitive challenges now require a step change in response.
- A much more aggressive strategy is required if technical innovation, production and adoption are to thrive.
- Government intervention in EU economies may rise to meet the global competitiveness challenge.
- Developing advanced tech sectors could attract more venture capital to Europe.
- The war in Ukraine could distract policymakers from long-term priorities.