European Union Commissioner for Economy Paolo Gentiloni remarked on Monday that the upcoming November economic forecast is expected to be "more or less the same" as the previous one."We won't be far from the 0.8% euro area growth forecast," he shared ahead of the EU finance ministers...
Spanish Economy Minister Nadia Calvino stated during her arrival at the Ecofin meeting on Friday that if a deal is not reached today, the agreement on the reform of the European Union's Stability and Growth Pact could be extended to an extraordinary meeting.
"We have made very significant...
European Commissioner for Economy Paolo Gentiloni said on Monday that energy prices will continue falling in 2023 but at a slower rate, before rising again slightly in 2024 as oil prices pick up. Meanwhile, the prices of food and non-energy industrial goods should continue decreasing due to reflecting...
European Commissioner for Economy Paolo Gentiloni presented on Monday the summer economic forecast, which revised down the European Union's growth to 0.8% in 2023 from 1% in the spring forecast, while growth in the euro area was revised down to 0.8% from 1.1%. The projections for 2024...
European Economy Commissioner Paolo Gentiloni said on Monday that inflation continues to drop thanks to rapidly falling energy prices, but that core inflation remains "persistently high."
However, Gentiloni underscored that "the peak in core inflation is behind us," predicting that inflation will fall...
European Commission stated on Wednesday that it will provide guidance for member states helping them to ensure that their public debt ratio is "put on a downward path or stays at a prudent level and that the budget deficit is below the 3% of GDP reference value over the medium term."
In...
European Economy Commissioner Paolo Gentiloni said on Monday that the winter economic forecast showed a better outlook than expected, with the euro area expected to avoid a recession this year and inflation falling more quickly than previously anticipated.
Gentiloni stressed that the situation in...
Effects of monetary tightening by the European Central Bank "are becoming visible," European Commissioner for Economy Paolo Gentiloni noted on Monday.
Financing costs for households and corporations rose sharply in 2022 while bank lending slowed down, he pointed out at a press conference...
Natural gas prices have fallen in the European Union mostly due to lower consumption and diversification of supply sources, European Commissioner for Economy Paolo Gentiloni said on Monday.
Speaking after the release of the commission's Winter 2023 Economic Forecast, he noted that the bloc's...
The Eurozone should see a 5.6% inflation in 2023, down from 6.1% previously, European Commissioner for Economy Paolo Gentiloni said on Monday, dropping to 2.5% in 2024. In the European Union, inflation should stand at 6.4% in 2023 and 2.8% in 2024. He added that past risks related to the...
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