German economic situation is deteriorating – FinMin Lindner

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BERLIN, Aug 10 (Reuters) – The economic situation in Germany, Europe’s largest economy, is deteriorating and the outlook is fragile, Finance Minister Christian Lindner said on Wednesday, defending his plans to raise income tax thresholds in response to soaring inflation.

“The economic perspective of our country has become fragile,” Lindner told reporters in Berlin. “The economy is deteriorating”.

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