Speech Klaas Knot - Taking root in grounds unsolid: shaping the economic recovery from COVID-19

Speech
Datum 25 juni 2020
Tijd 15:30 uur
Locatie Reinventing Bretton Woods Webinar
Spreker Klaas Knot

In his panel contribution at the Reinventing Bretton Woods Webinar, Klaas Knot said that recent data solidifies the confidence in the ECB-baseline scenario, and should allow to gradually move away from more severe scenarios. Yet, even in that baseline scenario, economic activity will only approach the pre-COVID-19 level by the end of the projection horizon at the end of 2022. He also stated that, looking ahead at the recovery, it is clear that ample policy support to the economy will remain important for an extended period of time.