BRUSSELS (BELGIUM) (ITALPRESS) – “The conflict in the Middle East has triggered a new energy shock, with a significant impact on the global and European economy. It fuels inflation and shakes confidence in the economy.” Thus the European Commissioner for Economics, Valdis Dombrovskis, presenting the spring economic forecasts of the European Commission at the press conference. “Second, on growth. It is expected that the EU economy will continue to expand, but at a slower pace. Thirdly, inflation. Energy inflation is already increasing.Price and economy pressures are destined to repercussions on other sectors,” he added. “ Fourthly, on public finances. Slower economic growth and increased spending are increasing deficits. Fifth, on uncertainty. The evolution of the Middle East conflict is surrounded by an exceptionally high degree of uncertainty,” he noted.
According to Dombrovskis “the trend of energy prices in these forecasts is based on the prices of future contracts. They show a relatively rapid, although partial normalization of supply conditions. However, our basic projections are supplemented by a scenario assessment that provides for a more serious and prolonged interruption of energy supplies.”.
– photo IPA Agency –
(ITALPRESS).
