MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: German Growth, Inflation Seen Lower In 2024 - ifo

(MNI) LONDON
(MNI) London

German economic think-tank sees 2025 domestic headline inflation falling as low as 1.6%.

BundesbankCentral Bank NewsPolicy NewsHomepageStoryCEEMEAEurozoneGermanyEuropean Central Bank (ECB) Market NewsBriefEuropean Central BankRegion
True

Germany is likely to grow this year even more slowly than previously expected, the ifo Institute said on Wednesday, although the bounce back in 2025 could be modestly better.

Ifo's growth forecast for the current year has been cut to 0.2%, down from 0.7% in January and 0.9% in December -- coming after GDP declined 0.3% in 2023. For next year, ifo raised its growth estimate by 0.2 percentage point to 1.5%.“Economic output will accelerate toward the middle of the year as interest rate and price burdens gradually disappear and consumers’ purchasing power increases,” says Timo Wollmershauser, ifo's head of forecasts.

Keep reading...Show less
159 words

To read the full story

Close

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.

Germany is likely to grow this year even more slowly than previously expected, the ifo Institute said on Wednesday, although the bounce back in 2025 could be modestly better.

Ifo's growth forecast for the current year has been cut to 0.2%, down from 0.7% in January and 0.9% in December -- coming after GDP declined 0.3% in 2023. For next year, ifo raised its growth estimate by 0.2 percentage point to 1.5%.“Economic output will accelerate toward the middle of the year as interest rate and price burdens gradually disappear and consumers’ purchasing power increases,” says Timo Wollmershauser, ifo's head of forecasts.

Keep reading...Show less