Leading German economic institutes have revised the country’s growth this year down to near stagnation.
They now expect the German economy to increase by just 0.1 percent in 2024, slashing their previous forecast of more than 1 percent. High interest rates, weak global demand and political uncertainty have disappointed hopes for a stronger recovery.
For more on this, we are joined by Jörg Krämer. He is the Chief Economist at Commerzbank, one of Germany’s largest banks.
#Germany #Economy #Recession
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