Draghi's Dilemma: GDP Gain vs. Slowing Inflation

The transcript discusses the economic outlook in the Eurozone, focusing on growth and inflation risks. It highlights the impact of oil prices and base effects on inflation, and the potential for inflation to rise in the second half of the year. The discussion also covers the Euro's strength and its implications for ECB policy, suggesting that policymakers are monitoring the situation closely. The overall tone is optimistic about the Eurozone's economic performance, with a focus on underlying economic momentum.

What is the significance of the underlying momentum of the economy as mentioned in the text?

In what ways might a stronger euro impact the ECB's monetary policy?