Germany's Ifo: German economy to contract by 0.3% in 2023 – by eren_fxstreet Germany Macroeconomics Growth
For 2022, Ifo now sees the economy growing by 1.6%, down from 2.5% in June, and forecasts 8.1% inflation , as reported by Reuters.pair retreated from the multi-week high it set at 1.0198 after this report. Nevertheless, the pair was last seen trading at 1.0140, where it was still up 1% on a daily basis.
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