Extracts from the press conference by Olli Rehn on the EU interim economic forecasts
At a press conference on 13/09/2010 in Brussels, Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs, presented the European Commission's interim economic forecast (September 2010), updating the outlook for GDP growth and inflation in 2010 for Germany, France, Italy, United Kingdom, Spain, the Netherlands and Poland, as well as the EU and Euro area aggregates.
Olli Rehn said that the European economy was clearly on a path of recovery, more strongly than forecast in the spring, and the rebound of domestic demand bodes well for the job market. However, uncertainties remained and safeguarding financial stability and continuing fiscal consolidation remained key priorities. SHOTLISTLINK