On the 18th local time, European Commission member in charge of economic affairs Donbrovskis said that despite the impact on the European economy due to adverse factors such as disruptions in energy supply and extreme weather this summer, the Eurozone's economic performance in the first half of this year was slightly better than expected, showing some resilience. However, according to the European Commission's latest assessment, European economic growth is expected to slow down next year. Donbrovskis said that currently, first of all, it is necessary to guarantee fiscal sustainability. Treasury yields in most developed economies have risen markedly in recent weeks, and the impact of this trend will gradually spread to Europe. He urged Eurozone member states to adhere to prudent fiscal policies, promote fiscal consolidation in accordance with the goals set in the medium-term fiscal plan, adopt targeted temporary energy support measures, carefully use the flexibility of defense and security spending, and further improve the quality of public finance.

On the 18th local time, European Commission member in charge of economic affairs Donbrovskis said that despite the impact on the European economy due to adverse factors such as disruptions in energy supply and extreme weather this summer, the Eurozone's economic performance in the first half of this year was slightly better than expected, showing some resilience. However, according to the European Commission's latest assessment, European economic growth is expected to slow down next year. Donbrovskis said that currently, first of all, it is necessary to guarantee fiscal sustainability. Treasury yields in most developed economies have risen markedly in recent weeks, and the impact of this trend will gradually spread to Europe. He urged Eurozone member states to adhere to prudent fiscal policies, promote fiscal consolidation in accordance with the goals set in the medium-term fiscal plan, adopt targeted temporary energy support measures, carefully use the flexibility of defense and security spending, and further improve the quality of public finance.