Open Demo Account
Home / Market Update / German IFO Institute Cuts 2021 GDP Growth Forecast to 3.3%

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.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends