The German financial system has shrunk by round 0.2 % this 12 months, in response to a forecast from the Institute for Macroeconomics and Financial Analysis (IMK) in Düsseldorf.
IMK estimated in its earlier evaluation that the German financial system would find yourself with zero progress this 12 months, however is now downgrading its estimate.
The institute can also be downgrading its forecast for subsequent 12 months from 0.7 % progress to 0.1 % progress.
IMK is a part of the Hans-Böckler-Stiftung, which has shut ties to the commerce union motion in Germany.
