German economy expected to contract this year | DW News

German Chancellor Olaf Scholz is looking for ways to shake off Germany's economic malaise, as Europe's largest economy looks set to contract for the second consecutive year. He hosted a industry summit of business leaders and officials on Tuesday aimed at finding answers to tough questions about stalled growth and structural problems. The pressure is on for the government to pass an effective growth package and find ways to revive the nation's economy.

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