- Germany’s Habeck: Recession could be only very short and not very deep
Market news
17 January 2023
Germany’s Habeck: Recession could be only very short and not very deep
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.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page