2024 German GDP forecast slashed to 0.1% due to high interest rates, weak demand, and political uncertainty; 1.4% growth expected in 2025.

Leading German economic institutes have slashed their 2024 GDP forecast to 0.1%, down from the previous 1.3%, due to high interest rates, weak global demand, and political uncertainty. The country's economy is expected to grow by 1.4% in 2025, revised from 1.5% earlier. Corporate investments are anticipated to remain at 2017 levels, while private consumption and stronger exports are expected to drive the economy next year.