Ifo: German economy to contract -0.4% this year, inflation down slightly to 5.8%

<p>German economy endured a “sharp setback” in the winter half-year, primarily due to soaring inflation and noticeably weakened demand, as per the latest report from Germany’s Ifo Institute. The country’s GDP is predicted to decline by -0.4% this year, before witnessing a rebound with a 1.5% growth next year. The institute also anticipates a gradual […]</p>
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