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German economy to nearly flatline this year, think-tanks say.
Germany's economy is expected to grow by just 0.1% in 2024, according to five leading economic institutes, a significant downgrade from their previous forecast of 1.3% growth.
Weak demand domestically and abroad is hindering recovery, with the German economy having shrunk by 0.3% in 2022 due to inflation, high interest rates, and declining exports.
Despite a likely recovery in spring, overall momentum is expected to be weak.
13 months ago
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