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Ifo releases its latest forecasts for the German economy
– 2021 GDP growth cut from 3.7% to 3.3%
– 2022 GDP growth lifted from 3.2% to 4.3%
– 2021 inflation to jump to 2.6%
The cut in the growth forecast for the year is attributed to supply bottlenecks, which in turn is also manifesting in higher price pressures i.e.
Search Web: Ifo cuts German growth forecast this year from 3.7% to 3.3%
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