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Weak demand and hesitant consumption - Bundesbank significantly reduces growth forecast for 2024
According to a report by Welt.de, the Bundesbank has significantly reduced its growth forecast for the coming year, primarily due to weak foreign demand and hesitant private consumption. Economic output is expected to shrink by 0.1 percent in 2023, but stronger growth is expected again in the medium term. The inflation rate is expected to more than halve in 2024 compared to this year. This development could impact the market and the financial industry. The reduced growth forecast could mean that investors are unsettled and invest less in the German market. This could lead to a slowdown in economic activity and a decline in stock market value. In addition …
Weak demand and hesitant consumption - Bundesbank significantly reduces growth forecast for 2024
According to a report by Welt.de, the Bundesbank has significantly reduced its growth forecast for the coming year, primarily due to weak foreign demand and hesitant private consumption. Economic output is expected to shrink by 0.1 percent in 2023, but stronger growth is expected again in the medium term. The inflation rate is expected to more than halve in 2024 compared to this year.
This development could impact the market and the financial industry. The reduced growth forecast could mean that investors are unsettled and invest less in the German market. This could lead to a slowdown in economic activity and a decline in stock market value. In addition, the lower inflation rate could have an impact on the European Central Bank's monetary policy, as it might adjust its monetary policy measures accordingly.
The Bundesbank's forecast signals that the German economy is facing challenges that could impact various areas. It is therefore important that companies and investors prepare for possible changes in economic activity and monetary policy.
Read the source article at www.welt.de