ECB Is `Chasing a Moving Target', HSBC Says

The video discusses the European Central Bank's (ECB) economic forecasts amid ongoing lockdowns in Europe, highlighting the challenges of predicting economic outcomes in a volatile environment. It examines the ECB's inflation targets and policy tools, noting that fiscal policy has been crucial in both Europe and the US. The discussion also covers Europe's fiscal response, including a significant recovery fund, and the uneven economic recovery across different countries, with manufacturing sectors faring better than tourism-dependent regions.

In what ways has fiscal policy contributed to the economic recovery in Europe according to the speaker?

What factors contribute to the uneven recovery across different countries in Europe?