t a town hall yesterday, Ms Merkel was pushed on the state of Germany’s economy.
“It’s true, we’re heading into a difficult phase,” she said, adding of today’s figures: “We will react depending on the situation.”
“Domestic demand is still somewhat propping up the economy,” the outgoing Chancellor added.
Germany published its draft budget yesterday, which maintained a policy of not increasing net debt: suggesting the plan isn’t to spend its way to growth.
If the German economy is on its way to a recession, that will be confirmed in November. Sorting out the country’s economic issues, however, may ultimately fall to Ms Merkel’s successor. The Chancellor reiterated yesterday that she will not seek public office again after she steps down in 2021.
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