Germany May Already Be Mired in Stagflation, Senior Adviser Says
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Germany may already be at the start of a phase combining economic stagnation with rapidly rising consumer prices, according to a senior adviser to Finance Minister Christian Lindner.
A hoped-for pickup in growth in the second quarter after the lifting of pandemic restrictions hasn’t materialized and inflation has exceeded expectations, Lars Feld, a professor of economic policy who advises Lindner, said at a news conference in Berlin.