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Bundesbank sees German recession, higher inflation on the cards

Bundesbank sees German recession, higher inflation on the cards
  • A recession is now expected for Germany in 2023
  • But the downturn is not seen as severe
  • Sees 2023 GDP growth at -0.5% (previously +2.4%)
  • Sees 2024 GDP growth at 1.7% (previously 1.8%)
  • Sees 2023 inflation at 7.2% (previously 4.5%)
  • Sees 2024 inflation at 4.1% (previously 2.6%)

Once again, it's not so much about the numbers when it comes to these sort of forecasts but more so about the revision and the un... Read More

Posted: Dec 16 2022, 07:37
Author Name: forexlive
Views: 110877

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