The German government has forecast a contraction this year in its updated economic outlook and predicted weaker-than-expected growth in 2024 due to the lingering effects of the energy crisis.
Gross domestic product will likely shrink by 0.4 per cent in 2023, the Economy Ministry said in Berlin, paring back a predicted 0.4 per cent expansion published at the end of April. Next year, the ministry has forecast growth of 1.3 per cent, weaker than the ...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: