European Central Bank’s Chief Economist Liam: Reasons to Believe European Economy Will Grow in the Coming Years

Liam, the Chief Economist of the European Central Bank (ECB), has indicated that there are substantial grounds for them to believe that the European economy will experience growth in the forthcoming years.

Their strategy primarily involves ensuring that demand doesn’t outpace supply.

As such, the concern isn’t about causing a severe negative growth in demand; it simply needs to be slower than the rate of supply growth.

Liam holds the view that the economic situation for many individuals is relatively favorable.

Hence, they would address high interest rates by curbing demand, but they are confident that this won‘t plunge the economy into the whirlpool of a deep recession.