Bundesbank: Inflation rate in double digits beyond turn of the year

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Bundesbank: Inflation rate in double digits beyond turn of the year

In the monthly report, Bundesbank said “all in all, despite the higher than expected economic activity in the summer quarter, a recession in the German economy is to be expected in the winter half-year.” Downward forces should “clearly predominate in the coming months”. Weaker global economy will weigh on exports while high inflation is dampening […]

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Source: Bundesbank: Inflation rate in double digits beyond turn of the year