The economy of the European Union (EU) is expected to recover in the second quarter of the year with more vaccines against the coronavirus helping to lift the blockades, said Monday the commissioner of EU trade, Valdis Dombrovskis, as reported by Reuters.
Dombrivskis further noted that vaccinations in the EU will accelerate significantly in the coming weeks, adding that he expects the European economy to return to pre-crisis levels in 2022.
Market reaction
The pair EUR/USD He showed no reaction to these comments and was last seen posting small daily gains at 1.2045.
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