This adds to the DIW economic institute forecast revision earlier here. Ifo now sees the German economy growing by just 0.9% in 2024, with the forecast being revised down from 1.4% previously. However, they are raising the GDP growth forecast for 2025 to 1.3% - up slightly from their previous forecast of 1.2%.
Ifo institute cuts German GDP forecast for next year
- Ifo slashes its 2024 GDP growth forecast but raises the forecast for 2025
