EU’s Dombroskis says growth stronger than expected, recession probably avoided

MILAN, Jan 20 (Reuters) – Economic growth in the European Union has so far proved stonger than expected and recession can probably be avoided, Commission Vice President Valdis Dombrovskis told Italian daily ‘La Stampa’ on Friday.

According to the commissioner, the EU labor market remains strong, energy costs are lower than expected and inflation should have reached a peak, provided no other shocks arrive.

Photo: European Commission Vice President Valdis Dombrovskis . EPA-EFE/JOHANNA GERON / POOL