German economy likely to stagnate in 2024, IW forecasts
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Germany's economy is forecasted to stagnate in 2024, according to German economic institute IW. Manufacturing and the construction sector remain stuck in recession, while consumption is expected to be the only bright spot as it picks up with easing inflation. Investment is depressed due to the geopolitical situation and high interest rates. Germany's unemployment rate is likely to increase to 6% on average for the year. Foreign trade is expected to remain weak. The German government forecasts 0.3% GDP growth this year.



https://www.investing.com/news/economy/german-economy-likely-to-stagnate-in-2024-iw-forecasts-3427167