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Germany's economy is facing a perfect storm

If anything, it's amazing that Germany's economy is doing as well as it is.Today's IFO survey is a wakeup call on the state of the German economy. The business climate survey fell to 88.4 from 91.5, which was worse than expected.The German economy is already in a technical recession and the IMF expects GDP to stay near zero this year before gradually strengthening to 1% next year but that may be overly optimistic. IFO sees a 0.4% decline this year.The very foundations of the German economy are i... Read More

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Content Topics

Germany

Economy

Facing

Perfect

Storm

Germany s

Forex

Posted: Jun 26 2023, 15:38

Author Name: forexlive

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