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Risk of recession according to Eurozone Finance Ministers

RedFM News
RedFM News

12:54 9 Sep 2022


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There is a risk of recession according to Eurozone Finance Ministers.

They've been meeting in Prague to discuss energy and inflation , as well as other issues.

Finance Minister Paschal Donohoe says despite the challenges, Eurozone economies are still forecast to perform strongly:

"The finance ministers of the euro area absolutely acknowledge that there is a risk of recession and the time ahead. But a critical point is that if you look at the latest forecasts that have been released by the ECB, if we look at the work that has been done by the Commission over the last number of weeks, it points to continued strong performance."


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