ECB's Emergency Powers Must Be Limited, Policy Maker Says

The transcript discusses the European Central Bank's (ECB) consideration of extending the emergency powers of its pandemic bond-buying plan to other asset purchase programs. ECB executive board member Eve Mash highlights the legal risks of such a move, as the powers were specifically linked to the pandemic. The economic outlook remains poor, with an 8% GDP decline expected this year, but there is potential for more stimulus if the health situation worsens. The service sector, a major part of the eurozone economy, is at risk, and more pandemic purchases may be announced in December.

What factors could potentially derail the economic recovery projections mentioned in the discussion?

What predictions do economists have regarding the ECB's actions in December?