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  • 📰 GERMAN ECONOMY EXPECTED TO SHRINK BY 0.2% IN 2024 VS 0.3% GROWTH FORECAST PREVIOUSLY – ECON MINISTRY
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📰 GERMAN ECONOMY EXPECTED TO SHRINK BY 0.2% IN 2024 VS 0.3% GROWTH FORECAST PREVIOUSLY – ECON MINISTRY

October 9, 2024
Frank

GERMAN ECONOMY EXPECTED TO SHRINK BY 0.2% IN 2024 VS 0.3% GROWTH FORECAST PREVIOUSLY – ECON MINISTRY

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📰 JUST IN – Alarming: In Q3 of this year, corporate insolvencies in Germany rose to the highest level in 14 years — IWH
📰 DOLLAR STRENGTHENS AHEAD OF FED MINUTES Fed minutes to be released today may reveal that some officials were against a 50-basis-point cut before being convinced to vote with the majority, BBH analysts say in a report. In the September 18 meeting that kicked off monetary easing, Governor Bowman was the only dissent, voting for a 25-bps cut. Fedspeak since then has pointed to another 25-bps cut next month, a prospect that offers some support to the dollar. The WSJ Dollar Index is up 0.3%. The greenback is up 0.4% versus the yen and 0.2% versus the euro.

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