Economic Indicators
Economic institutes forecast German GDP growth of 0.3% in 2023 – sources
2023.04.04 05:22
© Reuters.
BERLIN (Reuters) – Five economic institutes are forecasting gross domestic product growth in Germany of 0.3% in 2023, up from a predicted contraction of 0.4% in autumn, two sources familiar with the data told Reuters.
For 2024, the four German and one Austrian institutes forecast GDP growth of 1.5%, down from 1.9% previously.
The economic institutes predict an inflation rate of 6.0% in 2023, before slowing to 2.4% in 2024.
(This story has been corrected to fix 2024 GDP forecast to 1.9% from 1.7%, in paragraph 2)
