2024 German industrial production predicted to decline by 1.5%, with exports stagnating.
BDI warns German industrial production to decline again in 2024, with exports forecast to stagnate. The industrial sector has not yet recovered from cost and demand shocks caused by high energy prices and inflation, leading to a predicted 1.5% fall in production in 2024, following a 1.5% drop in 2023. This uncertain outlook for the German industry could have ripple effects on the global economy.
April 22, 2024
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