German downturn. Germany’s closely watched Ifo business confidence index fell in December for the sixth consecutive month amid COVID-19 uncertainty, supply chain bottlenecks and inflation. Meanwhile, Germany’s central bank revised the country’s growth forecast for 2022 down to 4.2 percent from 5.2 percent. Gas uncertainty. The head of Germany’s energy regulator said Thursday that the […]
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Daily Memo: Bad Economic Signals From Germany, Mercenaries Moving in Africa
The Bundesbank cut next year's growth forecast by a full percentage point.
