US News

Germany’s Bundesbank cuts growth forecasts on supply bottlenecks

Published by
DPA

The German economy will grow this year by just 2.5 per cent in real terms, the country’s central bank said in Frankfurt on Friday in issuing its latest forecasts. The figure is well below the 3.7 per cent forecast by the Bundesbank in June but in line with predictions from leading economic research institutes, which all suggest a difficult winter is ahead for Europe’s largest economy. Looking ahead to 2022, the Bundesbank predicted growth of 4.2 per cent over the year, again well down from the June forecast of 5.2 per cent, but higher than predictions of under 4 per cent from many research ins…

Read More

Facebook Comments

Check Also

States Investigating Surge In Mortality Rate Among 18–49-Year-Olds, Majority Unrelated To COVID-19

States Investigating Surge In Mortality Rate Among 18–49-Year-Olds, ...

Archives