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IMF sees tepid German recovery but risks skewed to the downside

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Reuters UK

BERLIN (Reuters) -The German economy is on track for a tepid economic recovery but risks are tilted to the downside and Berlin should focus on cushioning the impact of the war in Ukraine and on securing gas supplies, the International Monetary Fund said on Monday. Fiscal policy in Europe’s largest economy should be flexible in an uncertain environment, the IMF added in a statement after a mission to Germany. The IMF said it projected that growth in the German economy would slow to about 2% in 2022, picking up in 2023 to slightly above 2% if energy prices and supply bottlenecks subside, and COV…

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