Germany will suffer worst from world economic slowdown, says OECD

Workers assemble heat pumps at a Bosch Home Comfort Group factory in Eschenburg, Germany. The country’s economy is grappling with weaker global trade volumes. Photograph: Sascha Schuermann/Getty

Germany is expected to experience the heaviest blow from a slowdown in the world economy driven by higher interest rates and weaker global trade, the Organisation for Economic Co-operation and Development has warned.

In downbeat forecasts for the world economy, the Paris-based organisation said Europe’s largest economy was likely to be the only G20 country apart from Argentina to shrink this year during a wider international slowdown.