Berlin: Following an expected recession of 0.5 per cent this year, Germany’s gross domestic product (GDP) is now forecast to fall by as much in 2024, the German Economic Institute (IW) said on Wednesday. “For the German economy, 2024 could actually have been the year of recovery,” the IW said in a statement. However, “general conditions remain poor” as the government’s ongoing budget dispute is leading to investment freezes by the private sector, Xinhua news agency reported. Four weeks after the Federal Constitutional Court overturned the reallocation of 60 billion euros ($64.8 billion) from a Covid-19 emergency fund for climate protection measures, the German government is desperate for a
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