Published 09/28/2023 3:48:00 p.m.

German inflation falls to lowest level since start of Ukraine war

Germany's economy is expected to contract by 0.6% this year due to rising interest rates and high inflation, impacting investment and consumption.
The decline in inflation is partly attributed to the expiration of a 9-euro ticket and fuel discount, as well as a general easing of inflation in energy, food, and industrial goods.
Economic institutes predict that high inflation will continue to depress consumption in Germany, adding to the negative impact on the economy.

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Reuters

German inflation falls to lowest level since start of Ukraine war

German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy.

09/28/2023 1:24:53 p.m.·United Kingdom

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The Star Kuala Lumpur

German economic institutes slash 2023 forecast to minus 0.6 pct

BERLIN, Sept. 28 (Xinhua) -- Leading German economic institutes on Thursday slashed their 2023 economic growth forecast for the country to minus 0.6 percent, a "strong downward revision" of 0.9 percentage points from the spring projection. Read full story

09/28/2023 5:04:00 p.m.·Malaysia

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RTÉ

German inflation at lowest level since Ukraine war

09/28/2023 1:28:11 p.m.·Ireland

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Financial Post

German Economy to Shrink 0.6% in 2023 Before Wages Drive Rebound

(Bloomberg) — Germany’s economy is on course for its first full year of contraction since the pandemic, new forecasts showed, though rebounding consumption should spur a recovery in 2024.

09/28/2023 8:24:12 a.m.·Canada

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