German government raises 2024 GDP forecast to 0.3% and lowers 2022 inflation forecast to 2.4%.
German government raises 2024 GDP forecast to 0.3% from 0.2%, and expects 1% growth in 2025. Inflation forecast for this year has been lowered to 2.4% from 2.8%. These forecasts are part of the draft spring projections set to be presented by Economy Minister Robert Habeck. Germany's economy, Europe's largest, faced challenges in 2022 due to high energy costs, feeble global orders and record-high interest rates.
April 19, 2024
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