Germany’s Habeck: Recession could be only very short and not very deep

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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