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Bundesbank Urges Economic Revamp As German Economy Shrinks

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Summary
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82% Informative

Germany 's economy will probably shrink this quarter and officials must address a range of deep-seated challenges to the country’s business model.

Despite slowing inflation, robust wage growth and a solid labor market, consumers are hesitant to spend.

Manufacturing weakness is intensifying and higher financing costs may be worsening strains on domestic and foreign demand.