European Commission: Euro Area Economic Outlook and Competitiveness Agenda
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Slower euro area growth expectations and fiscal sustainability pressures could affect corporate financing costs, investment conditions, and cross-border operating plans. Progress on digital euro legislation and the competitiveness agenda will shape Europe's payment infrastructure and regulatory environment.
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- European Commission Press CornerEuropean Commission: Euro Area Economic Outlook and Competitiveness Agenda
European Commissioner Dombrovskis, speaking at the Eurogroup press conference in Dublin, said energy-related disruptions and this summer's extreme weather events are expected to weigh on Europe's economy. The euro area economy performed somewhat better than expected in the first half of the year, but the Commission's latest assessment expects growth to slow next year. He highlighted three priority areas: safeguarding fiscal sustainability, strengthening the euro's international role and ensuring digital euro legislative negotiations cross the finish line by year-end, and enhancing competitiveness through full implementation of the EU competitiveness agenda.