© Reuters. FILE PHOTO: European Commission Executive Vice President Valdis Dombrovskis attends a news conference after a meeting of the College of European Commissioners in Brussels, Belgium November 9, 2022. REUTERS/Yves Herman
BRUSSELS (Reuters) – The European Union might escape the steep economic recession some had predicted several months ago, when energy prices were sky-rocketing, but that does not mean the area is out of the woods yet, EU trade commissioner Valdis Dombrovskis said on Monday.
“Clearly, we are seeing some positive signs and for example (the) EU labour market remains very strong. There are also some indications that inflation may have peaked. But I would say we must remain vigilant (…)”, he told reporters before a Eurogroup meeting.
Source: Investing.com
