How rate hikes slow the German economy
Massive global key interest rate hikes: The massive global key interest rate hikes have not only contributed to the recent market turbulence, but are also slowing down the economy. Contrary to most economists, we expect a temporary decline in German gross domestic product for the rest of the year.
What's next after the price slump on the oil market? We have lowered our oil price forecast due to deteriorating short-term fundamentals. However, we are sticking to our general view that the oil price will rise.