Muzinich's Pagani: Need Fiscal Stimulus, But Recession Comes 'Eventually'

The video discusses the probability of a recession, highlighting a 25% chance and the impact of the US-China trade war. It compares the economic health of the US and Europe, noting the US's stronger position. The role of central banks is examined, emphasizing their limitations and the need for fiscal and structural policies. The video concludes with a call for fiscal stimulus to prevent a recession, especially in Europe.

What role do central banks play in the context of a potential recession?

What kind of stimulus is suggested as necessary to avoid a recession?