Jose Luis Escriva, a member of the European Central Bank’s Governing Council, has warned that the global economy is experiencing an exceptional phase of uncertainty, describing the current level of ambiguity as “unprecedented.” n nSpeaking during a session before Spain’s Senate in Madrid on Wednesday, Escriva highlighted the extreme complexity of the present global environment, stating that policymakers are confronting economic uncertainties not seen before in modern history. n nHe noted that inflation in the eurozone has approached the ECB’s 2% target—the central bank’s long-standing objective for maintaining price stability. This development, while positive, does not diminish the broader challenges posed by volatile geopolitical dynamics, shifting trade policies, and unpredictable fiscal trajectories across major economies. n nEscriva emphasized that central banks must remain vigilant and adaptable, as traditional forecasting models struggle to account for the speed and scale of current disruptions. The remarks underscore growing concern among European financial officials about the difficulty of formulating coherent monetary strategies amid such unpredictability. n nDespite progress on inflation, the ECB continues to assess risks carefully, balancing the need to sustain economic growth with the imperative of controlling price increases. Escriva’s comments reflect a broader sentiment within the institution: while technical targets are being met, the surrounding economic context remains fragile and highly uncertain. n nThe warning serves as a reminder that achieving numerical goals does not equate to overall economic stability when external conditions remain turbulent. n— news from al-borsa newspaper
— News Original —
عضو بالمركزى الأوروبى: عدم اليقين الاقتصادى وصل لمرحلة غير مسبوقة
حذّر عضو مجلس محافظي البنك المركزي الأوروبي، “خوسيه لويس إسكريفا”، من أن الاقتصاد العالمي يمر بمرحلة استثنائية من عدم اليقين، واصفاً مستوى الضبابية الحالي بأنه “غير مسبوق”. n nوقال “إسكريفا” خلال جلسة أمام مجلس الشيوخ الإسباني في مدريد أمس، الأربعاء، إنّ العالم يعيش وضعاً بالغ التعقيد، إذ “نواجه مستويات من عدم اليقين لم نشهدها من قبل فيما يتعلق بالسياسات الاقتصادية”. n nوأضاف أن التضخم في منطقة اليورو اقترب من مستوى 2%، وهو الهدف الذي يسعى البنك المركزي الأوروبي منذ سنوات للوصول إليه حفاظاً على استقرار الأسعار.