Ifo has restrained its German growth forecast for next year

By: Trademagazin editor Date: 2020. 12. 16. 11:08

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Due to the second outbreak of pandemic protection, the ifo economic research institute in Munich. restrained its GDP growth forecast for Germany next year in its winter economic forecast.

Due to the second closure introduced as an anti-epidemic measure, the ifo Institute for Economic Research (ifo Institut (Leibniz-Institut für Wirtschaftsforschung an der Universität München e. V. ) reduced its GDP growth forecast for 2021 from 5.1 percent to 4.2 percent. (MTI)