Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany's economy has seen a 0.1% shrink in the July-to-September quarter due to inflation, according to the country's statistics office. The Ifo institute survey of business optimism showed a slight increase to 87.3 in November but remains below its July level. The budget crisis raises the possibility of deep spending cuts next year, as a court ruled that previous spending violated constitutional limits on deficits.

from International-News-Economic Times https://ift.tt/OsdiZDS

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