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Germany sees its faltering economy expanding by just 0.2% this year — a much flatter rebound than the 1.3% that Chancellor Olaf Scholz’s government was predicting as recently as the fall.
Geopolitical tensions and high interest rates are weighing on the recovery, though rising real wages and a robust labor market should help over the course of 2024, Economy Minister Robert Habeck, who first revealed the meager growth outlook last week, said Wednesday in a statement.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
