EU economy gradually expanding amid increased geopolitical risks

BRUSSELS, May 15 (Xinhua) -- The European Union (EU) economy is rebounding in the first quarter of 2024, as inflation decreases and private consumption rises, announced Paolo Gentiloni, European Commissioner for Economy, here on Wednesday.

"The EU economy perked up markedly in the first quarter, indicating that we have turned a corner after a very challenging 2023," said Gentiloni while presenting the European C