Germany's economy began to recover after easing of coronavirus containment measures, the Economy Ministry said Monday.
The economy has passed the trough. However, the ministry said the recovery process is just beginning and the capacities are still underutilized.
According to ministry, industrial production has bottomed out. Production is expected to pick up in months ahead on increased order intake. Nonetheless, weak demand from non European economies remains a risk for the further recovery.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.