German Economy Minister expects economic growth to reach pre-crisis levels in Q2 2022

Market news

28 January 2022

German Economy Minister expects economic growth to reach pre-crisis levels in Q2 2022

Ahead of Germany’s Preliminary GDP for the fourth quarter of 2021, the country’s Economy Ministry said that the economic growth to reach pre-crisis levels in Q2 2022.

The Ministry said that it expects 2023 economic growth of 2.3%.

Market reaction

EUR/USD is seeing fresh supply, flirting with fresh 19-month lows of 1.1126, as the US dollar resumes the hawkish Fed-led upside ahead of the PCE inflation data.

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