Christian Lindner, Germany’s finance minister, didn’t pull his punches in describing the grim new reality facing Europe’s largest economy.
The country’s prospects had become “fragile”, he said on Wednesday. Growth forecasts were being downgraded. Life had become “much more expensive for lots of people”, with rising prices for gas, energy and food.
Germany is experiencing a squall of shocks that are darkening its economic outlook. Along with soaring inflation, persistent supply chain problems and weaker global demand are weighing heavily on its industrial sector.
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