Europe’s largest economy shrinks by 0.2 percent
reported Mehr News Agency, Suddeutsche newspaper Zeitung reported on Sunday that the Ministry Germany plans to cut its growth forecast for 2024 and expects Europe’s largest economy to shrink by 0.2 percent.
The inflation-adjusted contraction forecast, due out on Wednesday, follows the government’s earlier forecast of 0.3 percent growth this year after a 0.3 percent contraction. It is in 2023. Last month, Germany’s leading economic institutions reduced their forecast for 2024 to 0.1%.
The German Ministry of Economy, led by Robert Hobeck of the Green Party, also plans to forecast an economic growth of 1.1 for next year. to announce a percentage that will increase compared to Kenny’s previous forecast of one percent.
Suddeutsche Tsaitung without mentioning the source as well He announced that the growth forecast for 2026 has been set at 1.6 percent, and this forecast improvement relies on a package of government measures to stimulate economic growth.
Habakk in a conversation Go with The media said that there is still much work to be done; But if the government’s growth measures are fully implemented, the economy will see “significantly stronger growth” over the next two years, which will require the support of all countries in the region.
The Ministry of Economy of Germany also confirmed the statements of Hobeck; But he refused to comment further.
