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German IFO Institute Cuts 2021 GDP Growth Forecast to 3.3%

Adel 16 June, 2021 1:46 pm Market Update

German IFO institute cut the country’s 2021 GDP growth forecast to 3.3% from 3.7% previous due to supply bottlenecks, the latest report showed on Wednesday.

German current account surplus to shrink from 7% in 2020 to 5.8% in 2021 and 4.9% in 2022.

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