Central bank governors and other experts explored macroeconomic risks facing the global economy in remarks at a Group of Thirty meeting on October 26.

Klaas Knot, president of The Netherlands Bank, said he sees partly cloudy skies in the euro area with a silver lining. The current mood is like October weather in Amsterdam, he said, elaborating that it is not as bad as some people would have you believe, but it’s definitely not great.

Declining interest rates will bolster consumption, said Knot