The EU’s economic engine will continue to stall despite declining inflation, the German central bank warns German economic output stagnated in the second quarter of 2023 after contracting in the two previous quarters, and growth is expected to remain muted in the near term, the Bundesbank reported on Monday. “Economic output is likely to more or less stagnate again in the third quarter of 2023,” the central bank wrote in a monthly report. According to the forecast, industrial output is set to remain weak, as foreign demand has been on a downward trend lately. “High financing costs will probably continue to weigh o
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