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Germany headed for deeper recession, IMF says
The International Monetary Fund (IMF) on Tuesday said Germany was set to suffer from a deeper recession than previously predicted. Europe's largest economy is expected to be the only one of the Group of Seven (G7) highly industrialized nations that will not enjoy growth in 2023. How the figures look The IMF said that Germany's economy, rocked by high inflation and a slump in manufacturing, is expected to shrink by 0.5% this year. The Washington-based lender had forecast a 0.3% contraction back in July. In its revised opinion, the IMF said Germany was facing numerous obstacles, including "weakness in ... (full story)
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