Ifo lwered this year’s German GDP growth forecast

By: Trademagazin editor Date: 2021. 06. 16. 11:02

Referring to disruptions in the global raw material supply chain, the ifo economic research institute in Munich has slightly worsened its GDP growth forecast for Germany this year.

The Ifo Institute for Economic Research at the University of Munich (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München eV) announced on Wednesday that trade and the contact-intensive service sectors are on the path to a strong recovery in economic activity. (MTI)