Grabancijaš · @Grabancijas
2 followers · 161 posts · Server masto.ai#Germany #economy #Destatis
Q4 2022 #GDP stumbled more than in initial estimate, to -0.4% (vs. -0.2% expected).
The #data coincides with the second consecutive #revision of the #Ifo institute, whose estimates are affected by the 'miserable end of 2022' - marked by a decline in #industrial #production, loss of #consumer #confidence and tightening of purses.
There's a growing #consensus among the #analysts about imminent #technicalrecession.
https://grabancijas.com/njemacka-je-na-pragu-tehnicke-recesije/
#germany #economy #destatis #gdp #data #revision #ifo #industrial #production #consumer #confidence #consensus #analysts #technicalrecession