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The European Union's recovery plan, called NextGenerationEU, was agreed upon in spring 2021 to respond to the socio-economic consequences of the Covid-19 pandemic. Member states have created national plans that have been evaluated by the European Commission. Most countries have already received positive evaluations, while some have experienced delays. The plans include reforms and investments to achieve climate and digital policy goals. The European Commission is monitoring the implementation of the plans and expects them to potentially increase the EU's gross domestic product by up to 1.5 percent by 2024. [Extracted from the article]