'Germany To Lower 2024 Economic Growth Forecast, Source Says'
Portfolio Pulse from Benzinga Newsdesk
Germany is expected to lower its economic growth forecast for 2024, according to a source. This adjustment could reflect broader economic challenges within the country.
February 13, 2024 | 6:47 pm
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The iShares MSCI Germany ETF (EWG), which tracks the investment results of an index composed of German equities, may experience volatility following Germany's announcement to lower its 2024 economic growth forecast.
As EWG tracks the performance of German equities, a downward revision in Germany's economic growth expectations could lead to decreased investor confidence in German stocks, potentially causing short-term price volatility in EWG.
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