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Top related persons:
Timo Wollmershaeuser - 2 Wollmershaeuser - 2 Maria Martinez - 2 Fabian Bimmer - 1 Commerzbank's - 1 Ralph Solveen - 1 Solveen - 1 Bert Colijn - 1
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☆ German inflation eases to 2.3% in November
  + stars: | 2023-11-29 | by ( Maria Martinez | Thomson Reuters | Maria Martinez Is A Reuters Correspondent In Berlin Covering German Economics | ) www.reuters.com   time to read: +3 min
The inflation rate fell to 2.3% in November. Analysts polled by Reuters had expected inflation to ease to 2.6%. Core inflation, which excludes volatile food and energy prices, fell to 3.8% in November from 4.3% the previous month. "But the inflation rate will fall to below 3% as early as the beginning of next year," Wollmershaeuser said. Economists pay close attention to German inflation data, as Germany publishes its figures one day before the euro zone inflation data release.
Persons: Fabian Bimmer, Timo Wollmershaeuser, Wollmershaeuser, Commerzbank's, Ralph Solveen, Solveen, Bert Colijn, Colijn, Miranda Murray, Maria Martinez, Linda Pasquini, Sharon Singleton, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, Union, European Central Bank, Thomson Locations: Hamburg, Germany, Spanish
☆ German recession will be sharper than expected: Ifo
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, June 21 (Reuters) - The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts. "The German economy is only very slowly working its way out of the recession," Ifo's head of economic forecasts, Timo Wollmershaeuser, said. German gross domestic product is expected to fall by 0.4% this year, more than the 0.1% forecast by the Ifo Institute in March. Ifo forecasts eurozone GDP will expand by 0.6% this year and the U.S. by 0.9%. Regarding core inflation, the Ifo Institute forecasts it will increase to 6% this year from 4.9% in the previous year, before falling to 3% in 2024.
Persons: Timo Wollmershaeuser, Wollmershaeuser, Maria Martinez, Matthias Williams, Alex Richardson Organizations: Ifo, Ifo Institute, Thomson Locations: BERLIN, U.S, Germany
☆ German recession will be milder than expected: Ifo
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, Dec 14 (Reuters) - Germany's recession will be milder than expected, with the economy expected to contract by 0.1% in 2023 compared to a previous forecast of shrinking by 0.3%, the Ifo economic institute said on Wednesday. The economy is expected to grow by 1.8% in 2022 compared to a previous forecast of 1.6%. Inflation is seen at 7.8% this year, 6.4% next year and 2.8% in 2024, Ifo said in a statement. Economic growth is expected to bounce back to 1.6% in 2024. Reporting by Rene Wagner; writing by Matthias Williams Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.
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