In an interview with WELT TV on Tuesday, Germany’s Economy Minister Robert Habeck said that “if there is a recession, it would possibly be only very short and not very deep.”
Further comments
“Want to get inflation below 5% by year's end.”
Ma be that we can avoid a recession.”
Market reaction
EUR/USD remains unresponsive to the German ZEW data and these above comments, changing hands at around 1.0815.
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