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Finance

Posted By Global Banking and Finance Review

Posted on January 15, 2025

German ministry warns 2025 uncertainty to weigh on economic recovery

BERLIN (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)

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