Goldman Sachs Sees European Economic Cycle `Near the Trough'

The video discusses the current state of the European growth cycle, highlighting emerging risks and weak data. It suggests that the ECB is likely to hold its current position due to slight improvements in growth outlook and inflation. However, if conditions worsen, the ECB has tools such as rate cuts and asset purchases to respond. The effectiveness and potential side effects of these tools are also considered.

What indicators suggest that the European growth cycle may be improving?

What are some of the risks mentioned that could impact the growth outlook in Europe?

What is the speaker's baseline expectation for the ECB's actions in the near future?

What tools does the ECB have to respond to economic challenges?

How does the speaker assess the effectiveness of the ECB's tools in recent years?