German Central Bank issues gloomy forecast ...News

Russia Today - Economy
German Central Bank issues gloomy forecast
source : Russia Today ( News ) () 49
Europe’s industrial powerhouse is unlikely to resume growth in 2024 The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday. According to the forecast, the short-term outlook for German industry is “rather gloomy” due to lingering weakness in both internal and external demand. Domestic demand will likely continue to be dampened by increased financing costs, particularly regarding investments. Uncertainty over issues such as climate policy will also continue to weigh

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