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Bundesbank Sees No Need for Fiscal Stimulus in Germany Right Now

  • Institution predicts output will shrink 0.1% in third quarter
  • Economy not in recession but in a long period of stagnation
Olaf Scholz
Olaf ScholzPhotographer: Krisztian Bocsi/Bloomberg

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Germany’s central bank doesn’t see a need for fiscal stimulus at this time, even though it expects the economy to shrink again this quarter, according to two people familiar with the Bundesbank’s stance.