(9 Oct 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Berlin – 9 October 2024
1. Various of news conference
2. SOUNDBITE (German) Robert Habeck, German Economy Minister:
"We are adjusting the inflation forecast for this year by 0.2% to 2.2% compared to the spring forecast and then we will achieve the EU’s stability target of 2% or less from 2025."
3. German Economy Minister Robert Habeck showing graph on poster
4. SOUNDBITE (German) Robert Habeck, German Economy Minister:
"I would like to point out that although the situation is not satisfactory overall, we can certainly see progress being made in tackling the problems. So not everything that looks the same is the same and I want to remind you where we come from. From high inflation and from the fact that people are actually getting poorer, we can now say that this task has been tackled."
5. Journalists
6. Habeck during news conference
STORYLINE:
The German government said Wednesday that the country’s economy, Europe’s biggest, is on track to shrink for a second consecutive year — underlining the unpopular administration’s troubles as it heads into a difficult election year.
The new forecast that gross domestic product will shrink by 0.2% this year compares with the government’s prediction in April of 0.3% growth and brings it into line with economists who also have forecast a slight contraction.
The German economy shrank by 0.3% in 2023. The government forecast growth of 1.1% next year and 1.6% in 2025.
Vice Chancellor Robert Habeck, who is also the economy minister, said the German economy hasn’t seen powerful growth since 2018 as the country’s own structural problems have been joined by wider global challenges.
"I would like to point out that although the situation is not satisfactory overall, we can certainly see progress being made in tackling the problems," Habeck said on Wednesday in Berlin. "So not everything that looks the same is the same and I want to remind you where we come from."
Habeck argued that the government has tackled many of Germany’s home-made problems — securing its energy supply, speeding up planning procedures, trimming bureaucracy and trying to address a shortage of skilled workers.
AP Video shot by Franny Brodersen
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