IMF Chief Urges Structural Reforms in Germany Amid Mild Recession Prediction

IMF chief Georgieva says structural reforms are needed in Germany amid global economic uncertainty. The auto industry should be a focus.

IMF predicts a mild recession in Germany this year but is confident it will recover as energy prices and inflation moderate.

Germany's inflation slowed to 4.3% in September, the lowest since the Ukraine invasion.

IMF chief says global economy has shown 'remarkable resilience', avoiding feared recession in 2022.

U.S. is only major economy to have fully recovered from pandemic shock, while euro zone lags 2% below pre-covid trend.