German economy likely to shrink again in Q1: Bundesbank

Published on: Sunday 20 February 2022

The German economy will probably shrink again in the current quarter as a new wave of coronavirus infections stops many people from going to work, the Bundesbank said on Monday, while predicting a rebound in the spring. Europe's largest economy went into reverse in the last three months of 2021 as its large industrial sector was hit by supply snags. The Bundesbank said German industry was providing "a positive impulse" to the economy thanks to easing supply bottlenecks and high demand, setting the stage for a rebound in the spring if the pandemic subsided.

News source: https://www.yahoo.com/now/german-economy-likely-shrink-again-110627140.html

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German economy likely to shrink again in Q1: Bundesbank