German economy faces fragile and sluggish recovery

After the German economy experienced a small interim low in the winter half-year, the hoped-for upturn is likely to begin in the current second quarter. The upturn is likely to be tentative and fragile, at least for the time being.

German economy is in recession

Germany’s gross domestic product shrank by 0.2% in the fourth quarter. However, a severe winter recession, which was feared in the autumn, has become less likely. Nevertheless, the risks to the economy remain high. I am somewhat more pessimistic regarding economic growth in 2023 than some of my colleagues.

German economy gets off lightly in the short term

Germany’s gross domestic product shrank by 0.2% in the fourth quarter. However, a severe winter recession, which was feared in the autumn, has become less likely. Nevertheless, the risks to the economy remain high. I am somewhat more pessimistic regarding economic growth in 2023 than some of my colleagues.

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