• German Economy Ministry: Noticeable economic recovery to be seen at turn of the year 2023-24 at earliest

Market news

13 September 2023

German Economy Ministry: Noticeable economic recovery to be seen at turn of the year 2023-24 at earliest

According to the German Economy Ministry's monthly report published on Wednesday, “noticeable economic recovery to be seen at the turn of the year 2023-24 at earliest.”

Additional takeaways

Early indicators point to subdued development of private consumption in coming months.

Current indicators point to weak third quarter.

  • Euro comes under some mild pressure near 1.0750 ahead of US CPI

USD/JPY sits near weekly high, remains below mid-147.00s ahead of US inflation data
Euro comes under mild pressure near 1.0750 ahead of US CPI
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