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Germany's Economy Faces Challenges and Uncertain Recovery
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Germany's economy is expected to decline in Q4 2023, with a tough recovery predicted for next year. The country has been struggling with a deep industrial recession, weak global orders, high energy costs, and higher interest rates. However, the Bundesbank cautiously optimistic about next year, citing high employment, strong wage growth, and stabilizing sentiment indicators.
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How are high energy costs impacting Germany's economy?
What factors contribute to the struggling industrial sector?
What measures can be taken to stimulate consumer spending and boost the economy?
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