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EU to keep borrowing limits suspended in 2022 - EU Commission

BRUSSELS, March 3 (Reuters) - The European Union should keep borrowing limits for governments suspended next year, as in 2020 and this year, to help the economies of the 27-nation bloc return to pre-pandemic levels, the European Commission said on Wednesday.

The Commission, which is in charge of enforcing the EU's rules that cap government budget deficits and debt to safeguard the euro, said current forecasts showed the EU would only reach its 2019 level of economic output in the middle of 2022. (Reporting by Jan Strupczewski; editing by Philip Blenkinsop)