empty
 
 

2021.11.2210:21:00UTC+00German Economic Recovery To Take A Breather, Says Bundesbank

Germany's economic recovery is likely to take a breather this autumn as the supply chain issues continue to weigh on industrial output, Bundesbank said in its monthly report, released Monday.

The central bank observed that risks from an intensified pandemic would exist throughout the winter half-year.

"As things stand at present, the macroeconomic effects are likely to be less severe than in previous pandemic waves," the bank said.

The Bundesbank expects inflation to rise to just under 6 percent in November, but to decline noticeably in January when statistical special effects, especially the VAT base effect, expire.

"But it could still be well over 3 percent for a long time," the bank added.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback