- Expects stagflation in the coming months
- Collapsing economic expectations are accompanied by extreme rise in inflation expectations
- Impact is seen across all sectors of the German economy
- Even more so in energy-intensive sectors and the financial sector
Well, I don't think there's much in here that we don't already know. The euro slumped as a result of the whole Russia-Ukraine ordeal in a drop from 1.14 to 1.08 against the dollar. The only comfort is that there aren't any real sanctions from Europe on Russian energy. At this point, consumption activity is already going to be hit really hard. So, just imagine the consequences.