Scroll Top
ifo-institute-says-german-economy-expected-to-contract-by-0-2-in-q1-this-year

Ifo institute says German economy expected to contract by 0.2% in Q1 this year


Germany has already been in a slump since Q4 2022, with three of the last four quarterly readings being negative. The early estimate for Q4 2023 later is expected to show another 0.3% decline in GDP. That will reaffirm a mild technical recession following a 0.1% contraction in the economy in Q3 2023.

As such, a projected drop of 0.2% in GDP in Q1 2024 just means that the economy is still struggling. In other words, any signs of a recovery is not there and softer conditions are still prevailing to start the new year.



Source link

Recent News
Related News
About Cookies
When you visit our website, it may store information through your browser from specific services, usually in form of cookies to impact your experience on our website and the services we offer.