Business · Economy · 4 hrs ago
Dombrovskis warns of risks to resilient European economy
EU Economy Commissioner Valdis Dombrovskis said the European economy has remained resilient despite several economic shocks.
Speaking as he arrived at a Eurogroup meeting in Brussels, he warned that uncertainty remains very high.
He said the risks to the economy are tilted toward a downturn.
The Commission is due to publish its autumn economic forecast on 17 November.
Dombrovskis urged EU countries to keep public finances under control and follow prudent budget policies.
He said this was especially important while interest rates are high.
Valdis Dombrovskis said the European economy is showing resilience but faces high uncertainty and strong downside risks.
The European commissioner for the economy made the remarks on arrival at the Eurogroup in Brussels.
He called for member states to adopt prudent budget policies, especially amid high interest rates.
The European Commission was due to present its autumn economic forecasts on 17 November.
- Who
- Valdis Dombrovskis, the European commissioner for the economy.
- What
- He said the European economy is resilient but faces high uncertainty and downside risks.
- When
- 9 November 2026.
- Where
- Brussels, as he arrived at the Eurogroup.
- Why
- He cited high uncertainty and downside risks, and urged prudent budget policies amid elevated interest rates.
This story does not have two clearly opposing sides.
Dombrovskis made his remarks on arrival at the Eurogroup in Brussels.
The European Commission was due to present its autumn economic forecasts.
- Speaker
- Valdis Dombrovskis
- Location
- Brussels
- Forecast date
- 17 November 2026
- Interest rates
- Described by Dombrovskis as elevated
2 sources
What people are saying
The European economy is showing resilience in the face of various economic shocks, but we are facing very high uncertainty and downside risks.
We will insist on the need for member states to adopt prudent budget policies, especially in the current context of high interest rates.