2024 German GDP growth forecast lowered to 0.2% by economic advisors, down from 0.7% in November 2023.
German economic advisors expect a 0.2% GDP growth in 2024, down from a 0.7% forecast in November 2023, as per a draft document set to be presented on Wednesday. In comparison, the German government expects a 0.3% growth in 2024. Last year, the German economy shrank by 0.2%, the weakest among major eurozone economies due to high energy costs, lacklustre global orders, and record high interest rates.
May 14, 2024
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