Making our economies more resilient means improving their ability to cope with economic shocks, but also responding appropriately to longer-term structural challenges like demographic change or digitalisation. The more resilient national economies are, the more resilient the world economy is as a whole. In economic terms, strengthening national resilience is a positive externality.
In order to strengthen national resilience, the German presidency is seeking an agreement on a set of principles in Baden-Baden. Rather than prescribing specific measures or reforms, such principles can act as a guide for G20 members when considering different actions aimed at enhancing the resilience of their economies.