- EU’s Gentiloni: EU is likely to avoid a severe recession
Market news
28 February 2023
EU’s Gentiloni: EU is likely to avoid a severe recession
European Commissioner for Economy Paolo Gentiloni said in a statement on Tuesday, “EU is likely to avoid a severe recession.”
Further comments
“The economic outlook is less pessimistic than originally thought.”
“The economic scenario is still uncertain.”
Market reaction
EUR/USD is accelerating its renewed upside above 1.0600, trading at 1.0623 as of writing, 0.16% on the day.
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