The German economy is expected to contract 5.5% on an annualized basis compared to a 7.1% drop seen in June, the Bundesbank said in an update of its macroeconomic projections.
Additional comments:
“The German economy is expected grow 3.0% in 2021 compared to 3.2% observed in June. “
“The Bundesbank projects a German growth in 2022 of 4.5% compared to 3.8% seen in June“.
“The Bundesbank predicts that inflation measured by the German harmonized CPI stands at 1.8% in 2021 compared to 1.1% observed in June and 1.3% in 2022 compared to the 1.6% observed in June “.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
