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The fears of a winter recession

The fears of a winter recession | 27 February 2023

27 February 2023, EUR/USD

The fears of a winter recession

EURUSD trading plan:

The German economy contracted more strongly than expected in the final three months of 2022, as inflation and the energy crisis took their toll on household consumption and capital investment. The German economy shrank by 0.4% in the fourth quarter of 2022 compared with the previous three months, the statistics office said. The worse-than-expected final result for the fourth quarter increases fears of a winter recession. A recession is commonly defined as two successive quarters of contraction. The sharp rise in energy prices has noticeably slowed down the economy despite the government's extensive aid measures.

Investment idea: range 1.0520 -1.0620

David Johnson
Analyst of «FreshForex» company
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