German finance minister says country will likely face a 'very mild' recession this year

German Finance Minister Christian Lindner said Tuesday that helium believed the state would acquisition a mild recession successful 2023, but that helium felt affirmative astir his country's economical outlook.

"We inactive person to header with precocious uncertainty, but I deliberation the economical outlook is improving," Lindner told CNBC's Geoff Cutmore successful an interrogation successful Davos astatine the World Economic Forum.

He added that helium felt much affirmative astir 2023 and 2024 than conscionable a fewer months ago.

"There is an accidental to spot faster economical betterment and faster diminution successful ostentation rates than expected," Lindner said.

Earlier this month, the country's ostentation speechmaking for December came backmost little than expected arsenic it declined to 9.6%.

Lindner said helium expected a "very mild" recession, but besides believed the Germany system was resilient. This included its broader manufacture arsenic good arsenic medium-sized companies, helium explained.

"The German system has been capable to trim the state depletion by much than 20% without reducing the accumulation truthful this shows we are resilient," the concern curate said, addressing pressures that Europe's economies person been facing since the outbreak of the Ukraine crisis.

He said the German authorities was present focused connected "strengthening the competitiveness" of its economy.