Rising oil prices are pushing up inflation in the 27-nation European Union, but this isn't hurting growth for now, the bloc's commissioner for monetary affairs said Tuesday.
Rising oil prices are pushing up inflation in the 27-nation European
Union, but this isn't hurting growth for now, the bloc's commissioner for
monetary affairs said Tuesday.
The EU forecasts oil prices to average $102 per barrel this year, with risks to
the upside.
Commissioner Olli Rehn said much depends on developments in the
Middle
East
and
North Africa
, where political uncertainty
has pushed up crude oil prices to more than two-year highs. Still, the EU is
not concerned with a double-dip recession.
"With these oil prices, the impact is still relatively limited on economic
growth in
Europe
," Rehn said at a news conference in
Brussels
Tuesday. His comments followed the EU's interim growth and inflation forecasts
for 2011.
He said even if oil prices rise about 10% higher than expected this year, the
impact on growth would be less than 0.1%.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr
Διαβάστε ακόμα
Πεμ, 30 Οκτωβρίου 2025 - 10:19
Πεμ, 30 Οκτωβρίου 2025 - 10:18
Τετ, 29 Οκτωβρίου 2025 - 08:25
Τετ, 29 Οκτωβρίου 2025 - 08:20
Δευ, 27 Οκτωβρίου 2025 - 09:12