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German gov't to lower 2022 GDP forecast to 2.2% from 3.6% - report

Started by forex4you, Apr 23, 2022, 11:41 am

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Apr 23, 2022, 11:41 am
German gov't to lower 2022 GDP forecast to 2.2% from 3.6% - report

The 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

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