The government has upgraded the economic outlook, but the finance minister says a contraction is still likely in the short term The German economy is facing two consecutive quarters of contraction, Economy Minister Robert Habeck told a news conference last week at which he presented the newly released projections. In the report, the country’s gross domestic product (GDP) outlook for 2023 was revised to 0.2% growth this year. Last fall, the government had forecast a 0.4% GDP decline for this year. The inflation outlook has also improved due to the recent drop in energy prices. Price growth for the year is now expec
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