However, I recognize that attention should be paid to the possibility that employment and business fixed investment will be hampered by a further worsening in business confidence, thereby leading to an economic slowdown. As for a future risk to the U.S. economy, in addition to a delayed economic recovery in Europe and China, I would point to the “fiscal cliff” problem.
But we can succeed if we act now - responsibly, jointly and forcefully, at all levels. In closing, let me wish you all a successful webinar. Footnotes: 1. English: German Corporation for International Cooperation. https://www.bundesbank.de/en/press/speeches/climate-risk-the-merits-of-transparency-and-the-role-of-central-banks-851634  3/4  24/11/2020  Climate risk – the merits of transparency and the role of central banks | Deutsche Bundesbank  https://www.bundesbank.de/en/press/speeches/climate-risk-the-merits-of-transparency-and-the-role-of-central-banks-851634  4/4