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German economy now expected to expand slightly in 2023 - IfW

German economy now expected to expand slightly in 2023 - IfW
  • 2023 GDP forecast +0.3% (previously -0.7%)
  • 2024 GDP forecast +1.3%
  • 2023 inflation forecast +5.4% (previously +8.7%)
  • 2024 inflation forecast +2.2%

The revision higher in growth and lower in inflation owes to a supposed decline in the cost of gas and electricity, according to the institute. I wouldn't be too pragmatic when looking at the numbers but the higher revision at least certainly points to some improvement in f... Read More

Posted: Dec 15 2022, 08:39
Author Name: forexlive
Views: 102745

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