EU’s Gentiloni: Recession is not inevitable, but risk of one has increased

Market news

9 September 2022

EU’s Gentiloni: Recession is not inevitable, but risk of one has increased

European Union (EU) Economics Affairs commissioner Paolo Gentiloni is speaking at a press conference at the Eurogroup Meetings, in Prague.

Key quotes

Recession is not inevitable, but risk of one has increased.

The latest indicators point to slowing economic momentum.

The slowdown mostly due to the surge in energy prices.

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