The Covid-19 virus has caused a convulsive shock to the global economy. There remains considerable uncertainty around the pathway of the pandemic, the means and speed of any economic recovery and what structural changes – particularly to the globalisation of trade and capital – it will bring in the longer-term.
The lockdowns in response to the outbreak of COVID-19 have had immediate effects on the environment and caused a dip in global CO2 emissions. Germany may even reach its climate target for 2020 according to forecasts. However, there is no reason to be cheerful. The pandemic and its consequences may seriously set back climate action around the globe.
The ‘Team Europe’ approach should be a rallying point for the active engagement of EU member states and financial institutions, to respond to the COVID-19 crisis and achieve the Sustainable Development Goals. While keeping its priorities, notably towards a value-based approach, resilient health systems, a greening of the recovery and digitalisation, the EU should put greater emphasis on food security and sustainable food systems. Moreover, women should have a central place in the EU’s global response 2.0.
The COVID-19 pandemic is affecting all of us, but to differing extents. Overstretched health care systems, curfews, unemployment and school closures are posing challenges and pushing people beyond their ability to cope. The consequences of the pandemic will be felt in both, the short and long term. However, the longer term health, economic and social impact can only be estimated at present.
The Covid-19 pandemic not only threatens to undo development gains and reverse progress in achieving the sustainable development goals of the 2030 Agenda. It also presents an early and serious test for the reform of the UN development system (UNDS), where major reform decisions were taken in 2018 to reposition the UNDS for improved, integrated and strategic support in line with the 2030 Agenda’s interlinked nature.
The COVID-19 pandemic has created an additional layer of difficulty for refugees and asylum seekers, with frontline states like Greece facing unprecedented pressure in dealing simultaneously with a humanitarian crisis and the health crisis. The situation calls for EU states to speed up the reform of the Common European Asylum System (CEAS) since the current impasse is exacerbating the life conditions of thousands of refugees and asylum seekers.