The chief economist of the European Central Bank (ECB), Philip Lane, It said on Monday that supply chain bottlenecks and rising energy prices are the main risks to the pace of economic recovery and the inflation outlook, Reuters reported. “Our analysis indicates that the Eurozoan still faces weak inflation dynamics over the medium term remains convincing,” he stated.
Lane explained that If supply-side shortages and rising energy prices last longer, they could slow recovery. “If persistent bottlenecks are fueled by higher-than-anticipated wage increases or the economy returns to full capacity more quickly, price pressures could get stronger,” he said.
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