The German economy has passed the trough of its coronavirus recession and is starting to grow again, the Bundesbank said, endorsing the government’s sweeping fiscal stimulus that should underpin the rebound. Yet the recovery is still muted as some restrictions to rein in the spread of the pandemic remain in place, the institution cautioned in its twice-annual economic projections. Output this year is forecast to shrink 7.1%, before bouncing back in the subsequent two years. To help the economy come back to life, Chancellor Angela Merkel this week unveiled a 130 billion-euro ($148) plan focused on fueling consumption and infrastructure investment, taking total spending to more than 1.3 trillion euros, by far the most in the European Union. “Public finances are making a significant contribution to stabilizing the economy,” Bundesbank President Jens […]