Concluding Remarks As stated so far, the Bank's monetary policy measures have produced excellent results so far and with regard to prices, at least a situation in which there is no longer deflation has been achieved. Finally, I would like to say that the argument that economic growth is inhibited by a shortage of labor is incorrect.
According to the estimates of the European Commission’s Ageing Working Group, euro area potential output growth is expected to rebound to around 1.5% until 2025, mainly on the back of a positive contribution from labour input, and then to even out to 1.3% over the long run.