Technical Analysis

German recession expected to be milder than initially feared – Ifo

  • Sees German GDP shrinking over winter before picking up again
  • Sees 2022 GDP growth at +1.8% (previously +1.6%)
  • Sees 2023 GDP growth at -0.1% (previously -0.3%)
  • Sees 2024 GDP growth at +1.6%

The revisions to the growth projections are an uptick to their previous forecasts during the autumn. Meanwhile, the institute sees inflation at 7.8% this year, 6.4% next year, and 2.8% in 2024.

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