Orcel Sees Europe Avoiding Recession This Year; Still Uncertain

The transcript discusses the current economic indicators, highlighting a decrease in non-performing loans and a compressing cost of risk. It explores potential economic shocks, considering factors like inflation, GDP, and geopolitical risks. The discussion includes projections for inflation and economic growth in Europe, suggesting a flat or slightly positive outlook. Risk management strategies are emphasized, with a focus on provisioning and maintaining buffers to handle potential shocks.

What is the speaker's view on inflation for the year?

What measures has the speaker taken to prepare for potential economic shocks?