Growth is expected to pick up, but further increases in interest rates could act as a brake on the economy.
France’s annual inflation rate fell to 5.3 percent in June, from 6 percent in May.
Germany, the largest economy in Europe, saw a rise in its annual inflation rate to 6.8 percent, up from 6.3 percent in May.
Inflation rates in Germany are expected to resume their fall in September.
After adjusting for inflation, profits were above their prepandemic level while workers’ compensation was 2 percent below the trend in the first quarter of this year.
Persons:
Gita Gopinath, Christine Lagarde, ’, Giorgia, “, Lucrezia Reichlin, Riccardo Marcelli Fabiani, Price, Lagarde
Organizations:
International Monetary Fund, London Business School, Oxford Economics, Ukraine —
Locations:
Sintra , Portugal, France, Italy, Russia, Ukraine, Germany, Europe