BERLIN, Oct. 3 (Xinhua) -- Tighter financing conditions as a result of higher U.S. interest rates "is more an issue for emerging economies," an expert at the German Kiel Institute for the World Economy (IfW Kiel) has said.
Photo taken on Jan. 25, 2022 shows the U.S. Federal Reserve in Washington, D.C., the United States. (Photo: Xinhua)
Inflation in Germany jumped to a new record of 10 percent in September, according to preliminary data from the Federal Statistical Office.
In terms of shaping the German economic outlook, the impact of the U.S. rate hikes was placed "second" by the expert.
"Eroding purchasing power of private households due to high inflation, uncertainty with respect to energy supply in the coming winter and supply chain issues are more important influences," Gern said.
