German economy likely in recession in Q1 2024 – Bundesbank

• Industry in particular will likely remain in a weak phase
• No major stimulus is expected from private consumption for the time being either
• Uncertainty over major issues, like climate policy, also weighing on investment decisions
• Inflation could fall further in the months ahead
• But some fluctuation is likely as services inflation is coming down rather slowly

The PMI data earlier today here reaffirms the above sentiment.

This article was written by Justin Low at www.forexlive.com.