German ministry warns 2025 uncertainty to weigh on economic recovery
ReutersJan 15, 2025 9:29 AM
BERLIN, Jan 15 (Reuters) - Germany can only hope for a tangible economic recovery once there is clarity on the economic, financial and geopolitical outlook, the economy ministry said in its monthly report on Wednesday, after annual data showed a 2024 recession.
Global production of industrial products is modest as is the outlook for German trade, the report warned.
"As the year progresses, however, inflation-dampening factors such as the moderate price trend at upstream economic levels, the after-effects of restrictive monetary policy and lower wage settlements are likely to gain the upper hand," it added.
(Writing by Rachel More
Editing by Madeline Chambers)
((rachel.more@thomsonreuters.com;))
Reviewed byTony
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