Post: European Economic Commissioner confirms possibility of a recession in the EU in winter

The EU logo on the building of the European Parliament’s headquarters in Brussels. archive photo

European Commissioner for Economy Gentiloni confirms the possibility of a recession in the EU economy in winter

BRUSSELS, 5 December – RIA Novosti. European Commissioner for Economic Affairs Paolo Gentiloni confirmed the possibility of a recession in the EU economy this winter.

“The data confirms that we will experience a contraction over the winter and after that contraction we may see very moderate growth again next year,” he said at a press conference.

Gentiloni said in early November that the European Union would face a recession in the economy, at least in the winter months.

At the same time, in its latest autumn economic forecast, the European Commission significantly lowered its EU GDP growth forecast for 2023, but still expects the region’s economy to grow by 0.3%.

Source: Ria

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