Germany downgrades economic forecast ...News

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Germany downgrades economic forecast
source : Russia Today ( News ) () 95
Gross domestic product is expected to decline by 0.2% this year, according to the ministry for economic affairs Germany’s gross domestic product (GDP) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday. This is a sharp downgrade from the previously projected 0.3% expansion. The latest revision will mark the second straight year of recession in the EU’s economic powerhouse after last year’s contraction of 0.3%. The country’s ministry for economic affairs said on Wednesday that early indicators such as industrial production and business climate suggest the economic downtu

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