The Strategist

European Commissioner Gentiloni: Risks to EU economy growth are balanced

02/14/2023 - 08:53

According to European Commissioner for the Economy Paolo Gentiloni, the European Commission (EC) now thinks that the risks in the projection of EU economic growth are largely balanced, whereas it had previously believed that they were downward.

Alexas Fotos
Alexas Fotos
"Threats to the future. These dangers currently seem to be largely balanced. You are aware that we always discussed downside risks in the preceding projection. They now appear to be generally balanced," he declared.

On February 13, the European Commission released its updated winter economic forecast, increasing its prior projection of this year's real GDP growth in the EU from 0.3% to 0.8%. The expected growth rate for 2024 stayed the same at 1.6%.