Saturday, December 10, 2022

German economy likely to grow again from October or November: minister

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Europe’s largest economy will likely start to grow again from October or November, German Economy Minister Peter Altmaier said on Wednesday.

The German economy has been battered by the coronavirus crisis, with economic output contracting by 2.2% in the first quarter, its steepest rate since 2009.

The government expects the economy to shrink by 6.3% this year, its worst recession since World War Two.

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