German gov't to lower 2022 GDP forecast to 2.2% from 3.6% - reportThe euro is hanging out around 1.08 and this report shows why it's been so soft. Conditions aren't great for growth at the moment and the post-covid reopening has been snuffed out by the e war and energy spike.European leaders have been talking about 3% growth this year but they'll be lucky to get 2%. Italy is headed for negative Q1 growth.The report suggests the government forecast for 2023 is 2.5%, for whatever that's worth.
Source: German gov't to lower 2022 GDP forecast to 2.2% from 3.6% - report (https://www.forexlive.com/news/german-govt-to-lower-2022-gdp-forecast-to-22-from-36-report-20220422/)
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