Ifo: German economy to contract -0.2% in Q1, restrictive monetary policy taking full effect

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<p>Germany’s economy is bracing for a challenging first quarter, with ifo Institute projecting a contraction in GDP by -0.2%. Timo Wollmershäuser, Head of Forecasts at ifo, indicated that this decline would “tip the German economy into recession.” Wollmershäuser explainsed, “Companies in almost all sectors of the economy are complaining about falling demand”. In the manufacturing […]</p>
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