German inflation rate to ease over course of 2023 – econ minister & More Trending News

 

BERLIN, Jan 26 (Reuters) – German inflation will stay excessive in the beginning of 2023 earlier than easing over the course of the yr, Economy Minister Robert Habeck stated on Thursday.

“We have broken the inflation trend,” Habeck stated in his tackle to the Bundestag relating to the annual financial report.

Inflation is seen at 6% in 2023, as vitality costs ease following the preliminary shock of the vitality disaster triggered by the Ukraine conflict, in accordance to the financial report printed on Wednesday.

Regarding the financial report for 2023, he stated the numbers weren’t good, however considerably higher than feared some months in the past. Gross home product is forecast to develop by 0.2% this yr, up from the autumn forecast of a 0.4% decline.

In 2024, inflation might be decrease than in 2023 and progress might be increased, he added.

Reporting by Christian Kraemer. Writing by Maria Martinez
Editing by Paul Carrel

Our Standards: The Thomson Reuters Trust Principles.

German inflation rate to ease over course of 2023 – econ minister

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German inflation rate to ease over course of 2023 – econ minister

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German inflation rate to ease over course of 2023 – econ minister

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