Positive macroeconomic statistics from Germany | 05 April 2023

05 April 2023, EUR/USD

Positive macroeconomic statistics from Germany

EURUSD trading plan:

Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to the forecasts of leading economic institutes published. For 2023 as a whole, they expect the German economy to grow 0.3%, up from a predicted contraction of 0.4% in autumn. The economic institutes predict an inflation rate of 6.0% in 2023, before it slows to 2.4% in 2024. They forecast that unemployment will be at 5.4% this year and at 5.3% in 2024. The impact of the weakening of the economy during the winter on the labour market will be limited.

Investment idea: buy 1.0909 and take profit 1.0974.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus