(Bloomberg) German output may have shrunk slightly in the first quarter, according to Bundesbank President Joachim Nagel, who graded Europe’s biggest economy a four out of 10 but cautioned against excessive pessimism.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Emerge After Wall Street’s CPI-Led Rout: Markets WrapMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’Israel Pulls Out of Pea
(Bloomberg) Germany’s close trade relations with China could wreak havoc on the financial system of Europe’s largest economy if they were to deteriorate, the Bundesbank warned.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Russia Says Plane Carrying 65 Ukrainian Prisoners CrashedChina Weighs Stock Market Rescue Package Backed by $278 BillionAckman Ramps Up Israel Support With 5% Stake in Tel Aviv BourseWhile direct exposure is relatively small, “
In a not-so-stunning twist, the German workforce downturn highlights persistent economic woes. As a potential recession haunts the nation amid budgetary limbo, exacerbated by energy crises and accelerating deindustrialization, the future remains gloomy for the Olaf Scholz led government.