Stock Groups

Govt advisers cut German growth forecasts, see more inflation -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The Berlin skyline during spread of coronavirus (COVID-19), in Berlin, Germany on April 1, 2020. REUTERS/Michele Tantussi

BERLIN (Reuters] – The German government’s economic advisers cut their 2021 growth projections for Europe’s largest economy to 2.7%, from 3.1% in March. This was due to global supply chain bottlenecks as well as capacity constraints.

In a Wednesday report, the advisers whose forecasts help the German government to set fiscal policy also stated that they expect the current inflationary surge to last well into 2022.

The high prices of inputs would drive inflation to 3.1% and 2.6% respectively in this year. This is a slight improvement from the March forecast of just 4%.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]