Merkel: Economic situation means German tax revenues could fall


Reuters | Berlin | Updated: 11-09-2019 13:20 IST | Created: 11-09-2019 13:18 IST
Merkel: Economic situation means German tax revenues could fall
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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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