July 9, 2019 / 11:16 AM / 6 days ago

EU states to grow this year and next, but risks rising - Dombrovskis

FILE PHOTO: European Commission Vice-President Valdis Dombrovskis holds a news conference at the EU Commission headquarters in Brussels, Belgium, June 5, 2019. REUTERS/Francois Lenoir

BRUSSELS (Reuters) - The European Commission member in charge of the euro, Valdis Dombrovskis, said on Tuesday that Brussels forecasts all EU economies will grow this year and next, but risks are rising.

“All EU economies are set to grow this year and next,” Dombrovskis told a news conference, citing results of economic forecasts that will be announced on Wednesday by the EU Commission.

He said growth rates differ among the 28 countries of the bloc, which for the moment still include Britain. “We see risks, especially external risks, on the rise,” Dombrovskis added, saying that the resilience of EU economies could be tested if these risks materialised.

“It’s high time to do reform while keeping public finances sound,” he added.

Reporting by Francesco Guarascio; Editing by Catherine Evans @fraguarascio

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