Germany projects underwhelming economic growth through 2024
Fox News
Germany's economy will grow by an underwhelming 0.7% next year, down from March's 1.3% projection, according to Berlin's panel of independent economic advisers.
In their previous outlook in March, the experts had forecast that gross domestic product would grow 0.2% this year and 1.3% in 2024.
The panel's chair, Monika Schnitzer, said that "the economic recovery in Germany is delayed — it is ... still being slowed by the energy crisis and reduced real income caused by inflation." She noted that central banks' interest rate increases and economic weakness in China have made Germany's trading environment more difficult, while the high interest rates are dampening investment and construction at home.
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