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’s economy will fare better than previously expected, with no severe economic downturn despite the European energy crisis, the Bundesbank said Friday, although still to a greater degree than forecast in June.
GDP growth will drop from an estimated 1.8% this year to 0.5% next year, before returning to 1.7% in 2024 and by 1.4% in 2025, the the German central bank said in an update on the economy. Inflation is expected to fall to 7.2% next year, 4.1% in 2024 and 2.8% by 2025.
“Compared with the June projection, the rate of change in GDP for 2023 has been revised considerably downwards,” Buba president Joachim Nagel said. ““While economic output is likely to contract initially, we expect that the economy will gradually recover from the second half of 2023 onwards.”
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.