What is the Economic Risk Management Group (ERMG)?
The coronavirus pandemic does not only imply numerous challenges for our health care system. Businesses, the self-employed and households are also feeling the consequences. The absolutely vital preventive measures are actually bringing some economic sectors to a total standstill. Others continue to operate, but in slow motion. Almost every business is now feeling the impact.
On 19 March the Government decided to set up the Economic Risk Management Group (ERMG) in order to analyse and combat these economic consequences. The ERMG is chaired by the National Bank Governor Pierre Wunsch and Dr. Piet Vanthemsche.