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Inflation reached an all-time high of 38% in May 2021, but is projected to ease in the coming months.

The government's funding agreement with the IMF expires on April 11.

Germany, once a global economic powerhouse, is now the worst-performing major developed economy.

The country's economic decline can be attributed to external factors such as Russia's invasion of Ukraine and the loss of cheap natural gas, which has negatively impacted Germany's energy-intensive industries.

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