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Monthly Report: First double-digit German inflation rate in 70 years – economy probably on brink of recession
DE FR
According to the Bundesbank's latest Monthly Report, the first double-digit inflation rate in 70 years and a high degree of uncertainty about energy supply and its costs are weighing significantly on the German economy. In the forthcoming final quarter of 2022 and first quarter of 2023, economic output could therefore fall considerably and Germany be on the brink of a recession. However, the extent of this decline is extremely uncertain, according to the report.
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