The German government expects the country's economy to contract by 0.4% in 2023, according to sources. The Economy Ministry also predicts inflation to reach 6.1% in the same year. In addition, the ministry forecasts a decline in exports by 1.1% in 2023. However, the economy is expected to rebound with growth rates of 1.3% in 2024 and 1.5% in 2025. The ministry also projects inflation to decrease to 2.6% in 2024 and 2.0% in 2025. These predictions were made by Germany's Economy Minister.
ECB’s Nagel: German economy will probably shrink in 2023 • Labour market in Germany remains strong, expect consumer demand to increase • Inflation has probably passed peak • #ECB won't rest until inflation back at target #euro $EURUSD #Eurozone
🇩🇪 GERMAN ECONOMY EXPECTED TO CONTRACT 0.4% IN 2023 - ECONOMY MINISTRY Full Story → https://t.co/joXYV8bH1i https://t.co/eB6WbNf0vk
🇩🇪 Germany's Economy Minister on the wires: 🔹 GERMAN GDP TO CONTRACT BY 0.4% IN 2023, TO GROW BY 1.3% IN 2024 AND 1.5% IN 2025 - ECONOMY MINISTRY 🔹 INFLATION TO REACH 6.1% IN 2023, 2.6% IN 2024 AND 2.0% IN 2025 🔹 EXPORTS TO DECLINE BY 1.1% IN 2023, TO GROW BY 1.8% IN 2024… https://t.co/xCJijKcA1G
🇩🇪 Germany's Economy Minister on the wires: 🔹 GERMAN GDP TO CONTRACT BY 0.4% IN 2023, TO GROW BY 1.3% IN 2024 AND 1.5% IN 2025 - ECONOMY MINISTRY 🔹 INFLATION TO REACH 6.1% IN 2023, 2.6% IN 2024 AND 2.0% IN 2025 🔹 EXPORTS TO DECLINE BY 1.1% IN 2023, TO GROW BY 1.8% IN 2024… https://t.co/q3NyyFv7Ll
🔴 GERMAN PRIVATE SPENDING TO FALL BY 0.5% IN REAL TERMS IN 2023, TO GROW BY 1.8% IN 2024 AND 1.7% IN 2025 - ECONOMY MINISTRY.
🔴 GERMAN GDP TO CONTRACT BY 0.4% IN 2023, TO GROW BY 1.3% IN 2024 AND 1.5% IN 2025 - ECONOMY MINISTRY.
🔴 GERMAN INFLATION TO REACH 6.1% IN 2023, 2.6% IN 2024 AND 2.0% IN 2025 - ECONOMY MINISTRY.
🇩🇪 GERMAN GDP TO CONTRACT BY 0.4% IN 2023, TO GROW BY 1.3% IN 2024 AND 1.5% IN 2025 - ECONOMY MINISTRY SAYS, CONFIRMING REUTERS EXCLUSIVE 🇩🇪 GERMAN INFLATION TO REACH 6.1% IN 2023, 2.6% IN 2024 AND 2.0% IN 2025 - ECONOMY MINISTRY
🔴 GERMAN EXPORTS TO DECLINE BY 1.1% IN 2023 BUT TO GROW BY 1.8% IN 2024 AND 3.3% IN 2025 - ECONOMY MINISTRY.
🇩🇪 GERMANY TO LOWER 2023 GDP FORECAST TO CONTRACTION OF 0.4%
🔴 GERMANY TO LOWER THEIR 2023 GDP FORECAST TO CONTRACTION OF 0.4%.
Exclusive: German government expects economy to shrink 0.4% in 2023 - sources https://t.co/VREW4b7UOS https://t.co/eXzzEXSDs5
Exclusive: German government expects economy to shrink 0.4% in 2023 - sources - Reuters https://t.co/hHQ5G0ZqA5