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Germany’s Stagflation
1 min read
Germany is experiencing stagflation:
(1) The German IFO business confidence index plunged during March because of the jump in energy prices that resulted from the Russian invasion of Ukraine. Then in April, it rebounded slightly to 86.7 from 84.9 in March.
(2) German companies are experiencing more supply-chain problems, and their costs are soaring as a result of the war, which has also raised consumer prices. The German
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Ed Yardeni