Germany's economic situation to brighten from spring - ministry


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BERLIN - The situation in Europe's biggest economy is expected to improve in the course of the year from spring onwards, the economy ministry said on Wednesday.

If a recession should happen, it would be milder and shorter than previously expected, it said.

Earlier on Wednesday, the government revised up its forecast for the economic output. It now expects the economy to grow by 0.2% this year, up from its autumn forecast of a 0.4% decline. Inflation is now seen at 6% in 2023, down from the previous 7% forecast.

(Reporting by Christian Kraemer; Writing by Riham Alkousaa and Maria Martinez, editing by Kirsti Knolle)

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