Merkel: Economic situation means German tax revenues could fall
- Country:
- Germany
Chancellor Angela Merkel said on Wednesday that the current economic situation in Germany meant tax revenues could come in lower than expected.
Europe's largest economy contracted by 0.1% quarter-on-quarter in the April-June period and some weak data since then has fuelled concerns that the economy could slip into recession in the July-September period. Economists generally define a technical recession as at least two consecutive quarters of contraction.
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- Angela Merkel
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