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Plenary session: Maximising resilience: Learning from effective policies to cushion future economic slowdowns
Jun 7, 2022 | 7:50 AM - 9:10 AMCC15
Jun 7, 2022 | 7:50 AM - 9:10 AM
CC15
Description
Session Chair: Ms Thérèse Coffey, Secretary of State for Work and Pensions, Chair of the Ministerial Meeting (United Kingdom)
All governments took bold measures to cushion the immediate impact of the COVID-19 crisis and support the recovery. Some countries have relied heavily on pre-existing measures, or adapted them to the COVID context, while others have introduced new measures from scratch. Some of these measures were designed to be temporary, including those to promote job retention or support the incomes of displaced workers, and governments are scaling them back as the crisis subsides. Now, new challenges have arisen, such as higher costs of energy and commodities.
• What are the key lessons from your experience of having to quickly and massively ramp up measures or introduce new ones to respond to the COVID-19 crisis? What did and did not work as part of the government response to the crisis? Are there any temporary measures that you are planning to keep in some form?
• What measures is your country taking in response to the rise in the cost of living? How does it strike the balance between protecting the incomes of workers and avoiding the risk of creating a wage-price spiral? To what extent is wage indexation used? What is the role of the social partners?
• How did your government ensure the effective implementation of policies and their co-ordination across ministries and governance levels during the COVID-19 crisis? What has been the role of administrative systems for the monitoring, co-ordination and implementation of policies? What lessons do you see for government interventions in response to the rise in the cost of living?
• How are the lessons from the policy response to the crisis shaping a recovery that seizes new opportunities to make labour markets more resilient, inclusive and green? Are in-depth evaluations planned and what form would these take?
