European Economic Commissioner Paolo Gentiloni attends a news conference on public finances in EU states at European Union Commission headquarters in Brussels, Belgium February 26, 2020. REUTERS/Francois Lenoir
BRUSSELS (Reuters) – It is still too early to assess the impact of the coronavirus outbreak on the European Union economy, the bloc’s economics commissioner Paolo Gentiloni said on Wednesday.
“An assessment and a serious forecast is not yet possible,” Gentiloni told a news conference in Brussels, acknowledging that there had already been “a partial materialization” of the downside risks posed by the epidemic.
Reporting by Jan Strupczewski and Francesco Guarascio