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Germany’s economy ministry is set to lower its 2024 economic growth forecast, anticipating a contraction of 0.2% for Europe’s largest economy, according to a report by Sueddeutsche Zeitung. This revised forecast comes after a previous government projection of 0.3% growth for this year, following a 0.3% contraction in 2023.
In line with this adjustment, Germany’s leading economic institutes also revised their forecast for 2024 to a contraction of 0.1% last month. The economy ministry, under the leadership of Robert Habeck of the Green party, is preparing to release a forecast for 2025 economic growth of 1.1%, up from the previous estimate of 1%, and for 1.6% growth in 2026. This outlook is supported by a package of government measures aimed at stimulating growth.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
