ING
German economy defies surging oil prices and interest rates
From the original
https://think.ing.com/snaps/german-ifo-sep26/
Related speeches
4 itemsING Economics
German industry defies recession fears in May
ING Economics
German industry shows surprising resilience in June
ING Economics
German economy defies Middle East war by growing in the second quarter
ING Economics
German economy defies Middle East war in first quarter
The desk flags the surprising resilience of the German economy amidst geopolitical tensions, noting that first-quarter results defy expectations of decline. Per the full note from ING Economics, despite the backdrop of the ongoing Middle East conflict, Germany's GDP grew by 0.3% quarter-on-quarter, pointing to unexpectedly strong domestic demand. This development may heighten expectations for monetary policy adjustments from the ECB in the upcoming months, especially as inflation still brews below target. As no high-impact events are on the immediate horizon, market sentiment could remain stable unless further economic data shifts perceptions.