breaking news Ifo economist: German economy starts the year with cautious optimism

• There will probably be no recession
• But first-quarter GDP will likely decline slightly, mostly due to consumption

It’s only January and they already seem too optimistic in my opinion. The milder winter has certainly helped, but we will see if inflationary pressures continue to ease as expected or if there will be yet another twist in the months ahead.

This article was written by Justin Low at www.forexlive. com.


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