Germany Expects Economy to Shrink 0.2% This Year, SZ Says
- Economy minister expects GDP to rebound starting next year
- Germany’s industrial sector facing persistent headwinds
Street food vendors and construction in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The German government expects the nation’s economy to shrink by 0.2% this year, Sueddeutsche Zeitung reported ahead of an official estimate due on Wednesday, without saying how it got the information.
The updated forecast will be officially presented by Economy Minister Robert Habeck. Bloomberg reported on Sept. 30, citing people familiar with the matter, that Berlin will revise its earlier prediction of a 0.3% expansion to stagnation at best.