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MNI BRIEF: German Inflation Outlook Revised Higher - Ifo

(MNI) London

Germany will see higher inflation through 2022 than previously expected the Munich-based Ifo Institute said Wednesday, with the annual rate now seen rising as higher as between 5.1 to 6.1%. That forecast rate is sharply higher than the 3.3% seen in the Ifo's December forecast.

Russia's invasion of Ukraine is also curtailing economic growth, with Ifo now expecting growth to reach no more than between 2.2 and 3.1 percent this year.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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