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German Ifo weakens again in October
We are seeing some signs of stabilisation at low levels. Germany’s most prominent leading indicator just sent the first signals that things are – at least – not getting worse. However, this doesn’t mean that any improvement is imminent. In October, the Ifo index dropped for the fifth consecutive month and came in at 84.3, from an upwardly revised 84.4 in September. While expectations improved somewhat from very low levels, the current assessment component weakened further. Recession remains inevitable The flash estimate of German GDP growth, which will be released on Friday, is highly likely to show that the ... (full story)
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- Posted: Oct 25, 2022 5:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 544
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