Germany's Bundesbank: German economy to contract again in Q1

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Germany's Bundesbank: German economy to contract again in Q1 – by eren_fxstreet Germany GDP Growth CentralBanks

"German economic activity will probably fall again in the current quarter," Germany's Bundesbank said in its monthly reported published on Monday, per Reuters."However, the decline is likely to be less than in the final quarter of 2022."to decline in March with higher energy prices from a year earlier being eliminated from the annual rate. "That being said, the core rate is proving exceptionally persistent," the bank explained.

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