Published on 9 September, the Draghi Report on “the future of European competitiveness” is a clarion call that addresses how the EU is trailing the US and China over the past two decades. To avoid what former ECB President, Mario Draghi, calls a “slow agony” the report calls for EUR750-800bn of investment per annum (~5% of GDP) to focus on three areas to reinvigorate growth – decarbonisation, digitalisation and defence.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), examines the key dimensions of this pertinent report that sets the stage for the EU Commission’s upcoming “Clean Industrial Deal”, advocating game-changing reforms to enhance European competitiveness.
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