The mild recession | 28 Diciembre 2022

28 Diciembre 2022, EUR/USD

The mild recession

EURUSD trading plan:

German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a fresh survey of major associations published showed. "The last quarter of 2022 and the start of 2023 are likely to be accompanied by a decline in economic activity," said Siegfried Russwurm, president of the Federation of German Industries. "However, we expect only a slight slump." Inflation slowed slightly to 11.3% in November from a high of 11.6% the month prior as energy prices eased. The German government has predicted the economy will grow by 1.4% this year and contract by 0.4% next year.

Investment idea: buy 1.0620 and take profit 1.0690.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.