Economics

Scholz Inherits Bruised German Economy With Outlook Souring

Late-September election win came when prospects were rosier
Latest data show factory-order slump as omicron threat looms

Olaf Scholz
Photographer: Liesa Johannssen-Koppitz/Bloomberg

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By Craig Stirling and Carolynn Look

December 7, 2021 at 5:00 AM UTC

Updated on

December 7, 2021 at 10:20 AM UTC

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Olaf Scholz is about to become chancellor of an unhealthier German economy than the one he looked set to inherit when his party won elections in late September.