German government expects economy to shrink by 0.2% this year, Sueddeutsche reports
FRANKFURT -Germany's economy ministry plans to downgrade its 2024 economic growth forecast, expecting Europe's largest economy to shrink by 0.2%, newspaper Sueddeutsche Zeitung reported on Sunday.
Last month Germany's leading economic institutes downgraded their forecast for 2024 to a contraction of 0.1%. Habeck told Sueddeutsche that there is still a lot to do but the economy would see"significantly stronger growth" over the next two years if the government's growth measures are fully implemented, which requires support from all regional states.Scan QR code to install app
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