German economy forecast to shrink

Sep 27th 2023 1:12am EDT

Gross domestic product will fall 0.5% this year, according to the IMK institute Germany’s GDP is expected to shrink by 0.5% this year as the EU’s largest economy continues to struggle with an energy crisis and higher interest rates, the IMK institute reported on Tuesday. The IMK’s forecast of 0.7% GDP growth for 2024 is […]

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