Downgrade. The German government’s latest economic forecast projects a 0.2 percent contraction in gross domestic product this year, a downgrade from its April forecast of 0.3 percent growth. If the new projection is accurate, it will be Germany’s second consecutive year of economic decline. Economy Minister Robert Habeck conceded that, despite progress in addressing short-term […]
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Daily Memo: Germany’s Economic Forecast, Hungary’s Russian Gas Imports
More bad news for Europe's biggest economy.
