Downward Pressure on Inflation to Keep ECB Rates Low, Economist Says

The video discusses the European Central Bank's (ECB) monetary policy, emphasizing that the ECB is not behind the curve despite lagging the US. It highlights the ECB's decision to delay rate cuts due to low inflation and structural factors like the internet and high debt levels. The discussion also covers the economic lag between the EU and US, political reforms in Europe, and the rise of nationalism and income inequality. Structural reforms have slowed, impacting potential GDP growth.

What factors are contributing to the rise of nationalism and populism in Europe according to the speaker?

What challenges does the speaker identify regarding structural reforms in the current climate?