Sentiment among businesses and
households is low, uncertainty is high, and price-adjusted GDP
will rise by only 0.2% this year compared to last year,
according to the ifo Institute. Next year, economic output will
grow by 1.5 percent.
"The German economy is in recession during the winter
half-year 2023/24. A recovery in industrial activity, in
particular, will take time, according to ifo.
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