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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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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
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Coverage Details
Total News Sources33
Leaning Left6Leaning Right9Center12Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
Factuality
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