{"id":71981,"date":"2022-09-12T15:32:26","date_gmt":"2022-09-12T11:32:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71981"},"modified":"2022-09-12T15:33:04","modified_gmt":"2022-09-12T11:33:04","slug":"germanys-ifo-german-economy-to-contract-by-0-3-in-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/germanys-ifo-german-economy-to-contract-by-0-3-in-2023\/09\/12\/market-updates\/","title":{"rendered":"Germany&#8217;s Ifo: German economy to contract by 0.3% in 2023"},"content":{"rendered":"\n<p>Germany&#8217;s Ifo Institute announced on Monday that it revised its 2023 growth forecast to -0.3% from 3.5% in June. The institute further noted that the annual inflation expectation for 2023 was revised to 9.3% from June&#8217;s forecast of 6%.<\/p>\n\n\n\n<p>For 2022, Ifo now sees the economy growing by 1.6%, down from 2.5% in June, and forecasts 8.1% inflation (6.8% in June), as reported by Reuters.<\/p>\n\n\n\n<p>EUR\/USD advances for the second session in a row and flirts with the 1.0200 neighbourhood in response to the intense sell-off in the greenback, which forces the US Dollar Index (DXY) to break below the 108.00 support and record new multi-week lows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s Ifo Institute announced on Monday that it revised its 2023 growth forecast to -0.3% from 3.5% in June. The institute further noted that the annual inflation expectation for 2023 was revised to 9.3% from June&#8217;s forecast of 6%. For 2022, Ifo now sees the economy growing by 1.6%, down from 2.5% in June, and &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,5867],"class_list":["post-71981","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-ifo"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71981"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71981\/revisions"}],"predecessor-version":[{"id":71983,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71981\/revisions\/71983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30717"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}