The European Commission expects a downward revision of economic growth and rising inflation

The European Commission this Monday expected a downward revision of economic growth in the euro area and the European Union (EU) this year and “even more” in 2023, while inflation would be revised upwards, forecasts published in Thursday.

“We will release our economic forecasts later this week and we see economic growth proving robust this year, but a downward revision should be expected this year and even more next year because there are many uncertainties and risks. “, said the Executive Vice President of the European Commission with the portfolio “An economy that works for people”.

Speaking before the entrance to the meeting of eurozone (Eurogroup) finance ministers, Valdis Dombrovskis warned that “unfortunately, inflation continues to surprise negatively and, therefore, will be revised upward again.”