Ifo institute cuts German GDP forecast for next year ...Middle East

This adds to the DIW economic institute forecast revision earlier here. Ifo now sees the German economy growing by just 0.9% in 2024, with the forecast being revised down from 1.4% previously. However, they are raising the GDP growth forecast for 2025 to 1.3% - up slightly from their previous forecast of 1.2%. This article was written by Justin Low at www.forexlive.com.

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