German govt raises 2020 GDP forecast to -5.8% compared w/April prediction of -6.3%. This has signal effect. Sees 2020 contraction to be less deep than feared. Berlin more optimistic than consensus and 2020 slump would be about as severe as in GFC of 2009, when GDP plunged by 5.7%. #Germany# #GermanyGDP# #EconomicCalendar# #forextrading#
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