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German economy expected to grow in 2024, official says

Reuters
SPD announces ministers for a new government, in Berlin

BERLIN (Reuters) - Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz's chief of staff, Wolfgang Schmidt, said on Tuesday.

"We don't have a recession. We are not seeing anything that normally accompanies a recession, such as unemployment. The labour market is very stable, real wages are rising again. We will see growth this year," Schmidt told an industry event.

(Reporting by Andreas Rinke, Writing by Rachel More; editing by Bartosz Dabrowski)