European Commission's Vice President Valdis Dombrovskis: the European Union’s (EU) economy benefits from lower oil prices and a weaker euro

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12 octubre 2015

European Commission's Vice President Valdis Dombrovskis: the European Union’s (EU) economy benefits from lower oil prices and a weaker euro

The European Commission's Vice President Valdis Dombrovskis said on Friday that the European Union's (EU) economy benefits from lower oil prices and a weaker euro. But he added that there are risks to the EU's economy from the slowdown in the emerging economies.

Dombrovskis noted that the economy in the EU is still expected to expand 1.8% this year and 2.1% next year.

He pointed out that the central bank's asset-buying programme "cannot solve structural problems in the economy".

European Central Bank (ECB) President Mario Draghi: the central bank’s asset-buying programme is working better than expected

The number of active U.S. rigs declines by 6 rigs to 605 last week

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