Bundesbank Expects German Stagnation and High Inflation
Germany faces second quarter stagnation as the Iran war drives fuel prices higher. The Bundesbank warns that inflation could rise further from April's 2.9 percent.
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Germany faces likely stagnation in the second quarter as energy costs rise following the war in Iran. This outlook follows a 0.3% expansion in the first quarter. Persistent inflation and energy volatility threaten to derail the recovery of Europe's largest economy.
