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(MNI) LONDON
(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
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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