The report showed that Germany’s December inflation figures were less than had been anticipated, declining to 9.6%.
This positive news came after the economy expanded by almost 2% in 2022, outperforming earlier predictions.
Marcus Steele at HM Wilkins said “Germany’s economy is known for its resilience and even in the face of tremendous economic certainty, it seems unlikely that it will be too greatly affected in 2023.”
Germany, along with the rest of the Euro Zone is currently facing significant pressure due to the reduced supply of energy from Russia. Germany has managed to reduce its gas consumption by a fifth without this…