Germany’s IFO institute slashed its forecast for economic growth this year, citing that the extended lockdown in Europe’s no.1 economy is weighing on the recovery prospects. Key quotes “IFO cut its 2021 growth forecast for Europe’s largest economy to 3.7% from 4.2% previously.” “The coronavirus crisis is dragging on, and this is pushing back the expected strong upswing.” “For 2022, IFO raised its GDP growth forecast to 3.2% from 2.5%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Merkel calls an unexpected meeting at 1000 GMT to discuss lockdown measures FX Street 8 months Germany's IFO institute slashed its forecast for economic growth this year, citing that the extended lockdown in Europe's no.1 economy is weighing on the recovery prospects. Key quotes "IFO cut its 2021 growth forecast for Europe's largest economy to 3.7% from 4.2% previously." "The coronavirus crisis is dragging on, and this is pushing back the expected strong upswing." "For 2022, IFO raised its GDP growth forecast to 3.2% from 2.5%." Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
