EUNICE.IO – In a revealing discussion on the state of the global economy, Thomas Jordan, Chairman of the Swiss National Bank, highlighted the critical importance of maintaining price stability amid challenging economic conditions. During his interview with Switzerland’s SRF, Jordan pointed out the troublingly low rates of economic growth and productivity internationally. He expressed concern over the unsustainable debt levels and significant deficits plaguing many nations.

Price Stability Over Debt Financing According to Jordan, achieving and sustaining price stability should be the focal point of monetary policies, rather than resorting to monetary measures to manage national debts. This approach is crucial to avoid detrimental outcomes in the long run. Jordan also underscored the necessity for structural reforms aimed at bolstering productivity and stimulating economic growth, which he discussed on the sidelines of the recent IMF and World Bank spring meetings in Washington.

The emphasis remains resolute on curbing the excesses of national debts and recalibrating economic strategies to foster stability and growth. Such fiscal prudence and strategic policy-making are essential for enduring economic health and resilience.

Category: Financial