In an interview with the Italian newspaper Il Sole 24 Ore on Tuesday.
European Economic Affairs Commissioner Paolo Gentiloni stated that he anticipates the Eurozone GDP contraction around the start of this year may be less severe than anticipated in November.
Although a number of reasons suggested that the recession anticipated for the fourth quarter of 2022 and the first quarter of this year would not be as severe as anticipated, Gentiloni stated that the 0.3% prediction “still sounded fairly strong.”
