German growth forecast to be slashed – economy minister ...News

GDP is now expected to grow by just 0.2% this year, according to Robert Habeck The German government will revise down its forecast for economic growth in 2024 to 0.2% from an earlier projection of 1.3%, Economy Minister Robert Habeck has warned, according to Bloomberg. Habeck is expected to present the government’s latest economic report and updated forecasts next Wednesday. As among the key factors weighing on the economy the minister reportedly identified a ruling late last year by the Federal Constitutional Court that prohibited leftover Covid-stimulus funds from being repurposed because it upended the governme

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