Bundesbank upgrades its forecast on the German economy for the year
- 2021 GDP seen at 3.7% vs 3.0% previously
- 2022 GDP seen at 5.2% vs 4.5% previously
- 2023 GDP seen at 1.7% vs 1.8% previously
- 2021 HICP seen at 2.6% vs 1.8% previously
- 2022 HICP seen at 1.8% vs 1.3% previously
- 2023 HICP seen at 1.7% vs 1.6% previously
Given the resilience shown by the economy in Q1 and how the virus situation is getting better, the developments above aren’t too much of a surprise.
The key question will be whether or not inflation pressures will remain transitory going into next year and that is the main risk not just for the ECB but all central banks globally.
More from Forexlive RSS Breaking News Feed
EUR/USD climbs above 1.2200 for the first time since February as dollar stays sluggish
Source Node: 1853449
Time Stamp: May 18, 2021
Australia – NSW state records a near 20% jump in new cases of COVID-19 infections overnight
Source Node: 1019491
Time Stamp: Aug 13, 2021
Eurozone March trade balance €13.0 billion vs €18.7 billion expected
Source Node: 1853457
Time Stamp: May 18, 2021
Gold is now higher on the week, climbing $80 from the weekly low. What’s next
Source Node: 1020213
Time Stamp: Aug 13, 2021
The CAD is the strongest and the CHF is the weakest as NA traders enter for the day
Source Node: 1854208
Time Stamp: Jun 2, 2021
ECB’s Lane: There will be headwinds from fiscal policy and the energy shock
Source Node: 1121633
Time Stamp: Oct 7, 2021
Eurozone Q1 GDP second estimate -0.6% vs -0.6% q/q prelim
Source Node: 1853458
Time Stamp: May 18, 2021
Inflation the biggest tail risk for markets – BofA May fund manager survey
Source Node: 1853450
Time Stamp: May 18, 2021