Germany: growth forecast revised significantly downward for 2024. Europe's largest economy is suffering from a "cyclical" and "structural" crisis, say the main German economic institutes.
It should record growth of around 0.1% this year. In 2023, the German economy fell into the red with a fall of 0.3% in its GDP, weighed down by the crisis in the industrial sector.. Inflation, which reached a record level of more than 8% in the fall of 2022, will confirm the current slowdown, according to them.