Ifo lifts 2020 German GDP forecast to -5.2% from -6.7% previously

Germany Ifo institute revises their forecast on the German economy
– 2020 GDP forecast -5.2% (previously -6.7%)
– 2021 GDP forecast +5.1% (previously +6.4%)
This mirrors similar adjustments made by the German government at the start of the month . Essentially, it says that the recovery in the past few months have gone better than anticipated so that

The post Ifo lifts 2020 German GDP forecast to -5.2% from -6.7% previously first appeared on Forex news forex trade.

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