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.

March 27, 2024
6 Articles

Further Reading