
BERLIN, Sept 12 (Reuters) – Germany’s economy will contract next year as a dramatic rise in energy costs due to the war in Ukraine extinguishes the chances of recovery after pandemic-related lockdowns, the Ifo institute said on Monday. The institute reversed its June forecast of 3.7% growth for 2023 and now predicts that Europe’s largest […]
Inflation, contraction to plague German economy in 2023 -Ifo
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