Germany's Economy is expected to stagnate for the rest of the year, with a technical recession already underway. The country's inflation rate is projected to reach 6.4% in June, well above the 2% target. The government has introduced relief packages to mitigate the impact of high inflation on citizens. The energy crisis and global interest rate hikes have dampened demand for German exports, although the terms of trade are recovering. Germany's aging population and labor shortage crisis are also posing challenges to the country's pension system and economy.

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