Inflation & Prices
Europe’s Weak Economy Faces Inflation, Oil Risks, Gentiloni Says
- EU commissioner says too early to assess impact of Israel war
- Italian bond spreads are currently ‘not at all’ a concern
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Europe’s economy faces continued headwinds from inflation as well as the risk of an impact on oil prices from the conflict between Israel and Hamas, according to European Union Economy Commissioner Paolo Gentiloni.
“We have a weak economy, but we’re not in recession, and this is mixed news,” he said in a Bloomberg Television interview in Marrakesh, where he’s attending the annual meetings of the International Monetary Fund and the World Bank. “If we think to what we were expecting one year ago, we were expecting a worse situation than the one we’re in.”