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BRUSSELS- Euro zone finance ministers said on Monday the fight against inflation was the current priority despite dwindling growth in the bloc, as they were informed of a deteriorating economic outlook by the European Commission.
At a regular monthly meeting of the so-called Eurogroup, the EU executive gave an update of its economic forecasts, showing slower growth and higher inflation, the commission’s vice-president Valdis Dombrovskis said on the sidelines of the meeting.
“One can expect some downwards revisions, even more so for next year,” Dombrovskis said, adding that growth remained resilient.
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He said “inflation is going to be revised upwards”, anticipating the substance of the Commission’s forecasts, due to be unveiled on Thursday.
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