German Economy Minister: We can reach GDP growth of up to 4% this year
|The German Economy Minister, Peter Altmaier crossed the wires in the last hour and sounded optimistic about the domestic economy.
Key Quotes:
- The economy has put the worst of the coronavirus pandemic behind it.
- We can reach a GDP growth of up to 4% this year.
- We now have to organize a responsible way of phasing out massive state aid.
The comments, however, did little to provide any meaningful impetus to the shared currency or impress bulls. In fact, the EUR/USD pair extended its steady decline and was last seen trading near session lows, around the 1.2185 region.
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