The DAX stock index has shifted downward
According to preliminary data from the German Federal Statistical Office (Destatis), Germany's economy contracted by 0.2% in Q4 2022.
According to preliminary data from the German Federal Statistical Office (Destatis), Germany's economy contracted by 0.2% in Q4 2022. The result was lower than forecasts, but Germany's central bank expects a 0.5% drop in GDP in 2023, with an inflation rate of 7.2%. The decline in the Eurozone's biggest economy is putting pressure on the DAX.
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