Central Banks
Germany Is Still Struggling to Exit Stagnation, Bundesbank Says
- Inflation rate is likely to remain elevated at start of year
- German central bank discusses outlook in monthly report
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A meaningful recovery in Germany’s economy is unlikely at the moment, according to the Bundesbank.
After two years of shrinking output and next to no growth in recent quarters, the outlook for Europe’s largest economy remains clouded, the central bank said Wednesday in its monthly report. At the same time, inflation is still elevated.