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German institutes forecast -0.6% GDP contraction this year, but downturn to subside by year-end

In the Joint Economic Forecast by five leading economic institutes, Germany is bracing for an economic contraction of -0.6% in 2023, a significant downward adjustment by 0.9% from the spring 2023 prediction. Nevertheless, the silver lining comes in the form of anticipated rebounds in the following years: Growth of 1.3% in 2024 and 1.5% in […] The post German institutes forecast -0.6% GDP contraction this year, but downturn to subside by year-end appeared first on Action Forex...
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Posted: Sep 28 2023, 08:48
Author Name: actionforex
Views: 090391