German Economist: War hit to economy will last years – by anilpanchal7 Germany Recession RussianFederation Ukraine RiskAppetite
onomic Research told Reuters, adding that it could cost 3 percentage points of growth this year. It’s worth noting that the institute advises the government of Europe's largest economy on macroeconomic policy.Perhaps only 1.5% would remain of the 4.5% economic growth he had expected at the start of the year.This year's forecast wage growth of 4.5% was well short of inflation at some 8%.The news exerts additional downside pressure on EUR/USD prices, down 0.22% around 0.9950.
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