German recession will be worse than feared -institutes

German recession will be worse than feared -institutes

FRANKFURT, Germany  -A recession in Germany this year will be worse than previously feared, leading economic institutes warned Thursday, as high inflation and an industrial slowdown hit Europe’s top economy. The economy will shrink 0.6 percent in 2023, the institutes said in their latest joint forecast. They had all flagged in recent months that a

German recession predicted to be 'worse than feared'

A recession in Germany this year will be worse than previously anticipated, leading economic institutes warned Thursday, as high inflation and an industrial slowdown hit Europe's top economy.