German central bank sees economy stronger than predicted

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DPA

Germany’s economic position has improved over recent weeks, the country’s central bank said on Monday in issuing its monthly report. “The latest published data turned out better than in the December forecast,” the Bundesbank said. It pointed to a provisional estimate of gross domestic product (GDP) for the last quarter of 2022 from the Federal Statistical Office, which said that GDP had flatlined, by contrast with predictions for a decline. While inflation and uncertainty caused by the war in Ukraine were holding the economy back, energy market stresses had declined markedly since the summer, …

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