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Ifo sees German recession to be sharper than expected
That is a revision lower to their previous forecast that the German economy will contract by 0.1% in 2023. As for 2024, they also see softer growth with a forecast of 1.5% as compared to 1.7% previously. On the inflation front, Ifo notes that German inflation is expected to be at 5.8% this year before falling to 2.1% next year. This article was written by Justin Low at www.forexlive.com...
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Posted: Jun 21 2023, 08:38
Author Name: forexlive
Views: 110719