Reuters reports that European Commission Vice-President Valdis Dombrovskis said that the European Union will be ready to approve new measures to support its member states should the economies suffer further after a new surge in COVID-19 cases.

"We will certainly keep monitoring the situation closely and we are ready to react with new proposals, if necessary," Dombrovskis told when asked whether there would be a new Recovery Fund.

Dombrovskis added that a new wave of coronavirus infections would "certainly have an effect" on the Commission's upcoming autumn economic forecasts.