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.