Economic Indicators
Exclusive-Leading German institutes slash GDP forecast to -0.1% in 2024, say sources
2024.09.24 06:56
BERLIN (Reuters) – Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday.
The growth forecast for 2025 was cut to 0.8% from 1.4%, and for 2026, the institutes envisage growth of 1.3%, the sources said.
The institutes’ joint economic forecast is due to be published on Thursday, meaning the figures could still change slightly before then.
