German Economy Ministry: Noticeable economic recovery to be seen at turn of the year 2023-24 at earliest

According to the German Economy Ministry's monthly report published on Wednesday, “noticeable economic recovery to be seen at the turn of the year 2023-24 at earliest.”

Additional takeaways

Early indicators point to subdued development of private consumption in coming months.

Current indicators point to weak third quarter.

• Euro comes under some mild pressure near 1.0750 ahead of US CPI