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- EU’s Gentiloni: Recession is not inevitable, but risk of one has increased
EU’s Gentiloni: Recession is not inevitable, but risk of one has increased
European Union (EU) Economics Affairs commissioner Paolo Gentiloni is speaking at a press conference at the Eurogroup Meetings, in Prague.
Key quotes
Recession is not inevitable, but risk of one has increased.
The latest indicators point to slowing economic momentum.
The slowdown mostly due to the surge in energy prices.
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