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European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis
European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis
(c) Johann Groder / EXPA / picturedesk.com

European Forum Alpbach Ends on a Positive Note Despite Ukraine War and Climate Crisis

The 77th edition of the European Forum Alpbach recently came to an end. This year, the symposium was held under the central motto “The New Europe”, with topics such as climate protection or security policy on the agenda.

For some time valid: Elevated recession risks and restrictive monetary policy
For some time valid: Elevated recession risks and restrictive monetary policy
(c) iStock

For some time valid: Elevated recession risks and restrictive monetary policy

The central banks want to achieve their long-term inflation target of 2%. In order to achieve this goal, they have raised key interest rates and are implementing a restrictive monetary policy. The higher key interest rates will weaken economic growth and also the labour market. Whether this can be achieved without a recession or whether there will be a “soft landing” is currently the subject of heated debate.