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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
The IFO summer projections for the German economy were slightly more optimistic than the Bundesbank's semi-annual projections released last week (see here).
- IFO sees GDP contracting by -0.4% in 2023, before recovering to +1.5% in 2024. This is 0.1pp weaker than the BuBa June forecast for 2023, however represents a 0.3pp stronger uptick than BuBa in 2024.
- IFO projects German inflation to ease to +5.5% in 2023, before falling back to +1.9% in 2024. These forecasts are lower than the +6.0% for 2023 and substantially softer than the +3.1% for 2024 Bundesbank projections.
- The 2024 deceleration to below the ECB's target inflation rate of 2% is largely due to the scaling back of energy and food inflation forecasts.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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