Latest European Commission's economic outlook will be more optimistic than previous one - Dombrovskis

  • 2023-01-30
  • LETA/TBT Staff

RIGA - The economic outlook released by the European Commission next week will be more optimistic than the previous one, said European Commission's Executive Vice President and European Commissioner for An Economy that Works for People, Valdis Dombrovskis (New Unity) in an interview with the Latvian public television today.

In his words, if the winter economic outlook is compared to the previous one, "the situation will be slightly better". The European Commission's economists believe that inflation in the EU reached its peak at the end of last year and it will gradually slow down, the energy resources will be cheaper than predicted earlier.

"Thus, we can expect that the economy will develop slightly better than predicted earlier," said Dombrovskis.

He said that the economic development forecast for Latvia might also be higher than predicted earlier.

Still, the risks related with Russia's attack on Ukraine will remain - uncertainty and instability, energy supply risks are still high, said Dombrovskis, adding that Europe will have to look for alternative suppliers of natural gas if demand for gas increased from the part of China when it reduces Covid-19 restrictions.