Europe should be wary of possible new Covid variants, the bloc's economics chief says

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Europe should be wary of possible new Covid variants, the bloc's economics chief says
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Europe's economics chief says bloc should be wary of possible new Covid variants

Last week, the European Commission, the executive arm of the EU, projected a GDP rise of 5% for both the EU and the euro area this year.

Paolo Gentiloni, the EU's commissioner for economics and taxation, said that it's "too soon to declare victory" over the pandemic, despite lofty GDP projections for this year. He said that new restrictions were possible. "They will not have the same impact, the same economic impact than previous ones ... our economy is more acquainted to these kind of situations," he added.

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