European Economy Set for Modest Rebound, EU Officials Say
- EU Commission vice president says that growth is ‘very slow’
- Economy commissioner says labor market is ‘good and resilient‘
The European Commission is due to publish its twice-yearly comprehensive economic forecasts next week.
Photographer: Jody Amiet/AFP/Getty ImagesThis article is for subscribers only.
Europe’s economy is on course for a modest rebound next year, European Commission Vice President Valdis Dombrovskis said on Wednesday.
“It’s clear that currently we are in a period of economic weakness,” he told reporters ahead of a meeting of euro-area finance ministers in Brussels. “We have managed to avoid recession, but still growth is very slow.”