After the greatest global health shock in our lives, triggering a sudden and deep recession, most euro area economies recovered faster than expected. In the first quarter of this year, the output in the euro area exceeded the pre-pandemic level by 0.5%, while it was more than 7% higher in Slovenia.
In this regard, going back to economic history, a preeminent father of the economics profession, Adam Smith in his classic/seminal works, “An Enquiry into the Nature and Causes of Wealth of Nations”, alluded to “the invisible hand”, a concept that describes unseen market forces of supply and  demand, leading to the unintended greater social benefits and public good as a result of individuals acting in their selfinterest.