The tangible economic impact of the Russian invasion of Ukraine on the euro area should not lead to a generalised recession in 2022, said the Eurogroup President, Paschal Donohoe, in Luxembourg on Monday 4 April.
“We entered this latest economic crisis with a strong recovery taking place within the euro area. This means that for many economies we are still looking at positive growth figures for 2022”, Mr Donohoe said after the meeting of euro area finance ministers.
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