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German economy set for post-pandemic bounce in growth and prices, Bundesbank says

From reuters.com

German output is rebounding from its pandemic-induced slump and inflation could rise faster than currently expected, potentially affecting behaviour in the economy, the German central bank said on Friday.The Bundesbank raised its growth and inflation forecasts for this year and the next, assuming that the coronavirus outbreak would be contained quickly and durably by the vaccination campaign and that restrictions will soon be relaxed. It now expects the German economy to reach pre-pandemic levels as soon as next quarter, growing by 3.7% this year, 5.2% next year and 1.7% in 2023. “The German economy is overcoming the ... (full story)

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  • Category: Fundamental Analysis