Most forecasters have by now reduced their German GDP projections to worse than -6.0 % (anything between -6% and -7% is currently on offer). For some reason, I am slightly more optimistic and still think it will be a bit better than -6%.
Though I've already been forced to cut my own expectations from -4% some months ago to -5% not too long ago to "hopefully better than -6%" now. I suppose my crystal ball isn't better than anybody else's...
( Previous post made back in April, when I still expected "-5 % or possibly a bit better" )
China’s Estimated Intervention in February
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