Economy

Germany slashes 2024 growth forecast to just 0.2%

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Robert Habeck, German Minister for Economy and Climate Protection and Vice Chancellor, is pictured during the weekly meeting of the cabinet on February 21, 2024 in Berlin, Germany.

Florian Gaertner | Photothek | Getty Images

Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky waters,” German Economy Minister Robert Habeck said Wednesday.

The revised GDP growth forecast is down from a previous estimate of 1.3%. Habeck said the government now anticipates German GDP to grow by 1% in 2025.

Speaking during a news briefing, the minister attributed the revised forecast to an unstable global economic environment and to the low growth of…



Source cnbc.com

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