# Low use of shortened work hours points to mild German recession – Ifo
Published: 2023-01-11
Category: Headlines
Category URL: https://bizdispatch.com/category/headlines/
Meta Title: Low take up of 'Kurzarbeit' points to mild recession in Germany
Meta Description: Learn how low participation in shortened hours may indicate a mild economic downturn in Germany this winter, according to Ifo institute.
URL: https://bizdispatch.com/low-use-of-shortened-work-hours-points-to-mild-german-recession-ifo/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsxypl004mwirg35l0dw8o/images/2023-01-11t073748z1lynxmpej0a07krtroptp4germany-economy-inflation-1737060256606-compressed.jpg)

BERLIN (Reuters) – Low take up of a government-backed ‘Kurzarbeit’ shortened hours facility points to a “very mild” recession in Germany this winter, the Ifo economic institute said on Wednesday.

In December, the number of workers on shortened hours eased to 186,000 from a seasonally adjusted 188,000 in November, Ifo said, citing estimates it based on data from the Federal Employment Agency.

“The fact that short-time work remains at a low level seems to indicate that the expected winter recession will be very mild,” Ifo researcher Sebastian Link said in a statement.

(Writing by Paul Carrel; Editing by Maria Sheahan)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---