Today's Edition
WASHINGTON (dpa)
Germany could again slip into a recession this year following the trade war started by US President Donald Trump, Bundesbank President Joachim Nagel said on Thursday.
The best-case scenario for the ailing German economy is currently stagnation according to current forecasts, Nagel said on the sidelines of the Spring Meetings of the World Bank Group and the International Monetary Fund in Washington.
Nagel, however, said he could not rule out "a slight recession for 2025," adding that the period of uncertainty wasn't over.
His comments came just hours after the German government lowered its economic forecast for 2025 to zero growth, citing the new tariffs announced by Trump as a major obstacle to recovery following two consecutive years of recession in 2023 and 2024.
