Page d'accueil Cotations Calendrier Forum
flag

FX.co ★ Inflation slides in Germany after reaching its peak

back back next
Humour sur le Forex:::2023-10-20T09:31:55

Inflation slides in Germany after reaching its peak

According to President of the Deutsche Bundesbank Joachim Nagel, at present, inflation in Germany is falling slowly. However, it is causing concerns among monetary authorities.

"It seems we have passed the peak of inflation," Nagel told reporters, speaking alongside German Finance Minister Christian Lindner. "The 10 interest rate hikes - and this is crucial from the central bank's point of view - are having their effect," he said.

Currently, the energy crisis is greatly affecting the country's GDP. The situation is also exacerbated by high interest rates and weak global demand for exports, which is experiencing pressure. Preliminary estimates unveiled that by the end of 2023, the indicator will drop by 0.4%.

Notably, both Nagel and Lindner stressed that Germany was not the sick man of Europe, as some analysts have suggested. They emphasized "a robust labor market with strong wage growth" and rising consumption.

Partagez cet article:
back back next
loader...
all-was_read__icon
Vous avez regardé toutes les meilleures publications
jusqu'à présent.
Nous cherchons déjà quelque chose d'intéressant pour vous...
all-was_read__star
Recently published:
loader...
Plus de nouvelles publications...