Tagesschau: experts expect recession in Germany in 2024

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Unsplash photo on December 13, BELTA/Minsk/correspondent. Experts of the German economic institute (IW) expect recession in Germany in 2024, the German news service of Tagesschau reports. Against global crisis and disputes concerning the federal budget specialists of institute expect that economic indicators of Germany next year will continue to fall. So, according to forecasts of experts, gross domestic product of Germany in 2024 will decrease by 0,5%, at worst - even for 1%. It will be the second year in a row with economy reduction. "The federal government played a crucial role in this crisis", - the director declared...
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Olaf Sholts
Last position: Federal chancellor (Government of Federative Republic of Germany)
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Mikhael Khyuter
Last position: Director, member of presidium (IW)