The European Union has successfully avoided the "terrible prophecies" that threatened its economy in recent years, but must still contend with Russia's war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday.
A former prime minister of Italy, Gentiloni has served as the European Commissioner for Economy under EC President Ursula von der Leyen since December 2019.
Gentiloni will not be returning for a second term as commissioner following Von der Leyen's tumultuous re-election as president — but he has laid out the economic picture that awaits his imminent successor.
"The economy is growing, slowly, but growing.
And the risks of differences among the European Union, that was very high when the pandemic happened, are very limited," he noted.
Persons:
Paolo Gentiloni, Gentiloni, Steve Sedgwick, Ursula von der Leyen, Von der, —, Russia's
Organizations:
European Union, Economy, European, European Central Bank, Moscow, European Commission
Locations:
Ukraine, China, Europe, Cernobbio, Italy's, Como, Italy