Professor Casper de Vries, holder of the Witteveen Chair of Monetary Economics at Erasmus School of Economics, participates in a panel discussion on BNR Nieuwsradio, together with Luc Aben (Van Lanschot Bankiers) and Menno Middeldorp (Rabobank), on whether the economic slowing economic growth in the European Union is temporary or structural.
With the area’s three biggest economies - Germany, France and Italy - barely growing last quarter and sentiment indicators heading lower, banks were expected to tighten lending, putting a further brake on growth. Yet figures published by the European Central Bank on Monday 28 January 2019 remained at or near their post-crisis highs, supporting the ECB’s argument that bloc was experiencing a slowdown and not a downturn or the start of a recession. ECB President Mario Draghi warned last week that the growth dip could be bigger and longer than previously feared but stuck to his previous view that the slowdown was temporary and not the beginning of a recession.
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The entire panel discussion on BNR Nieuwsradio of 28 January 2019 can be found here (in Dutch).