“We don’t have a recession’: Denial of reality in the Chancellery – economists counter this. “The German economy is not doing well," said ZEW President Achim Wambach.
Institutes believe that Europe's largest economy will experience, at best, slight growth this year. If there is another decline in the current first quarter, it will be referred to as a technical recession. The Bundesbank expects “at best” stagnation from January to March.