Merkel: Financial state of affairs means German tax revenues may fall – Reuters

BERLIN, Sept 11 (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

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