The German economic situation is deteriorating – FinMin Lindner

Finance Minister Christian Lindner attends a press conference to present key points of the planned legislation to offset high inflation in Berlin, Germany August 10, 2022. REUTERS/Lisi Niesner

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BERLIN, Aug 10 (Reuters) – The economic situation in Germany, Europe’s largest economy, is deteriorating and the outlook is fragile, Finance Minister Christian Lindner said on Wednesday, defending his plans to raise income tax thresholds in response to rising inflation.

“The economic outlook for our country has become fragile,” Lindner told reporters in Berlin. “The economy is deteriorating.”

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Written by Paul Carrel, edited by Kirsti Knolle

Our standards: The Thomson Reuters Trust Principles.


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!