Germany's economy ministry forecasts a recession
German newspaper Sueddeutsche Zeitung reported over the weekend on a dour forecast from German's economy ministry, planning a downgrade to its 2024 economic growth forecast.The new forecast will be for negative 0.2% growth, i.e. a shrinking economy, for 2024prior forecast was for +0.3%2023 recorded a 0.3% contraction For 2025, the forecast will be:+1.1% (prior forecast +1%)for 2026, +1.6%The higher forecasts for 2025 and 2026 are based on implementation of government measures to stimulate growth. This article was written by Eamonn Sheridan at www.forexlive.com.
German newspaper Sueddeutsche Zeitung reported over the weekend on a dour forecast from German's economy ministry, planning a downgrade to its 2024 economic growth forecast.
The new forecast will be for negative 0.2% growth, i.e. a shrinking economy, for 2024
- prior forecast was for +0.3%
- 2023 recorded a 0.3% contraction
For 2025, the forecast will be:
- +1.1% (prior forecast +1%)
- for 2026, +1.6%
The higher forecasts for 2025 and 2026 are based on implementation of government measures to stimulate growth. This article was written by Eamonn Sheridan at www.forexlive.com.
