German institutes to cut 2026 economic growth forecasts amid the Iranian war, Reuters sources suggest; 2026 growth outlook seen at 0.6% (prev. 1.2%), 2027 growth seen at 0.9% (prev. 1.4%)
The downward revision of Germany's growth forecasts for 2026 and 2027, stemming from the impacts of the Iranian war and rising energy costs, highlights a deteriorating economic outlook.
UK March Grocery inflation remains at 4.3%; grocery sales +4.4% in the four weeks to March 22nd, Kantar reports
Aluminium Corporation of China (2600 HK) is said to be considering an USD 800mln USD-denominated offshore bond sale
German institutes to cut 2026 economic growth forecasts amid the Iranian war, Reuters sources suggest; 2026 growth outlook seen at 0.6% (prev. 1.2%), 2027 growth seen at 0.9% (prev. 1.4%)
French HICP Prelim. Y/Y 1.9% vs. Exp. 1.90% (Prev. 1.10%, Low. 1.5%, High. 2.1%)
French Inflation Rate YoY Prel (Mar) Y/Y 1.7% vs. Exp. 1.6% (Prev. 0.9%, Low. 1.4%, High. 1.8%)
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- CPI is seen at 2.8% for 2026 and 2027.
- Iranian war and energy costs were cited as the reasons for the cuts.
This cut from 1.2% to 0.6% for 2026 suggests potential headwinds for GDP, likely influencing policy considerations and market sentiment in Europe as inflation expectations remain anchored at 2.8%.
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