Source: Pixabay
The European Commission on Monday said it will again cut its growth forecast for this year and hike its expectations for inflation, but it signalled it saw no sign yet of recession.
“What we see is that economic growth is proving quite resilient this year. Still, one can expect some downward revision and even more so for the next year because of many uncertainties and risks,” EU executive vice president Valdis Dombrovskis told reporters in Brussels.