Reuters: German economic institutes cut 2023 GDP forecast on energy price surge

What a surprise. And the ECB wants to continue raising interest rates and the German goverment wants austerity. Add to this high inflation and low wage growth. Nothing new on the German front.

  • Inflation well over 7% this year – institutes
  • Economy in downward spiral – IWH economists
  • Economic contraction in 2023, predict IWH, IfW

Read Here


Be the first to comment

Leave a Reply

Your email address will not be published.