Germany's economic outlook for 2024 has been revised downwards by several major economic institutes, reflecting growing concerns over the country's financial health. The IfW Kiel Institute for the World Economy and the Ifo Institute both announced cuts to their GDP forecasts, citing weak consumption and high interest rates as key factors impacting growth. Additionally, the DIW Berlin institute forecasted a recession at the start of the year, with GDP expected to contract by 0.1% in Q1 following a 0.3% contraction in the final three months of 2023. These developments come amid warnings from German Finance Minister Lindner that policies of EC President Von der Leyen are endangering Germany's competitiveness and economic prosperity. Reports also highlight that Germany is lagging behind other major European countries, with its economy described as 'paralyzed' and expected to be the worst-performing among rich economies for the second consecutive year.
Recovery of the German economy remains a test of patience - DIW https://t.co/FLwuvYgW1d https://t.co/BIrfzuu3q4
⚠️ RECOVERY OF THE GERMAN ECONOMY REMAINS A TEST OF PATIENCE - DIW Full Story → https://t.co/RyW69mpApj The German economy is not picking up as quickly as expected, the economic institute DIW Berlin said on Thursday, forecasting a recession at the start of the year. https://t.co/jQLFbnMwaO
🔴 GERMAN ECONOMIC INSTITUE DIW: GDP IS EXPECTED TO CONTRACT BY 0.1% IN Q1, AFTER THE ECONOMY SHRANK BY 0.3% IN THE FINAL THREE MONTHS OF 2023.
The German economy is paralyzed and lags noticeably behind other major European countries, warns the ifo institute in a report published today. https://t.co/AvrMel9XCb
The German economy is 'paralyzed' and in recession, according to economists https://t.co/LkQQm9u13a https://t.co/GrgrrNIYjx
Germany will be the worst-performing rich economy in the world for the second year in a row as Olaf Scholz battles a property downturn and uncertainty over net zero targets Read the full story below ⬇️ https://t.co/yHkqYhU3Wg
NEW - Germany's economy is paralyzed and falls noticeably behind compared to other larger European countries — ifo Institute https://t.co/OVFqTin7gf
💡 South Korea: Improving growth prospects likely to push rate cuts to late 2024 - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/oLWvKC22No
🔴 GERMAN FINANCE MINISTER LINDNER IN HANDELSBLATT INTERVIEW: POLICIES OF EC PRES. VON DER LEYEN ARE ENDANGERING OUR COMPETITIVENESS AND ECONOMIC PROSPERITY.
⚠️ GERMANY'S IFO INSTITUTE CUTS 2024 GDP FORECAST Full Story → https://t.co/mIVVogQhdM Germany's Ifo institute cut its 2024 economic growth forecast on Wednesday as weak consumption and high interest rates continue to take their toll on the euro zone's largest economy. https://t.co/twRZ13mLVu
Germany's Ifo Institute Cuts 2024 GDP Forecast - MS https://t.co/4XdLFiF7BW
⚠️ GERMANY'S IFW KIEL ECONOMIC INSTITUTE CUTS 2024 GDP FORECAST Full Story → https://t.co/vqrPt5lJ6d Germany's gross domestic product is unlikely to grow significantly this year, think tank IfW Kiel Institute for the World Economy said on Wednesday, cutting its economic… https://t.co/tE4ShVcEhd
Germany's IfW Kiel Economic Institute Cuts 2024 GDP Forecast - MS https://t.co/PS4mmKmkV6
“Berlin has often insisted that what is good, restrained fiscal policy for Germany is also right for the EU—a prevailing mindset that, by limiting public investment in many member states, has prevented European economies from adapting to new conditions.” https://t.co/An90YrhJGP