EU’s Gentiloni: EU is likely to avoid a severe recession

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European Commissioner for Economy Paolo Gentiloni said in a statement on Tuesday, “EU is likely to avoid a severe recession.”

“The economic outlook is less pessimistic than originally thought.”

“The economic scenario is still uncertain.”

EUR/USD is accelerating its renewed upside above 1.0600, trading at 1.0623 as of writing, 0.16% on the day.

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