Germany ‘More or Less’ Stagnated in Late 2022, Bundesbank Says
- Fight against inflation must be given ‘top priority’
- ECB tightening unlikely to lead to negative feedback loops
This article is for subscribers only.
Germany’s economy performed better than expected in the fourth quarter and “more or less” stagnated, according to the Bundesbank, confirming an earlier estimate that fed optimism over the euro zone dodging a winter recession.
“High inflation and uncertainty in view of the war in Ukraine weighed on the economy in the fall quarter, but the situation on energy markets eased noticeably compared to the summer,” the Bundesbank said in its monthly report.