Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Merkel: Economic situation means German tax revenues could fall

Merkel: Economic situation means German tax revenues could fall
German Chancellor Angela Merkel speaks during the budget debate in the Bundestag, the lower house of parliament in Berlin, Germany September 11, 2019. REUTERS/Axel Schmidt -
Copyright
AXEL SCHMIDT(Reuters)
Euronews logo
Text size Aa Aa

BERLIN (Reuters) – 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.

(Reporting by Michelle Martin and Tassilo Hummel; Editing by Paul Carrel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.