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Too early to assess impact of coronavirus on EU economy: Commission

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Via Reuters Finance

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


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