If inflation is low and controlled it means the supply of money matches the demand for money which is usually associated with value creation in the economy. The

If inflation is low and controlled it means the supply of money matches the demand for money which is usually associated with value creation in the economy. The fact that EU was doing well inflationwise despite having looser monetary policy than US means that Eurozone economy was doing better in that period than US and global economy. Of course in relative terms.