Germany Raises Economic Growth Forecasts

  • Berlin, Federal Republic of Germany
  • 27 April 2023
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The German government has slightly raised its forecast for economic growth this year. German Economy Minister Robert Habeck stressed, "The German economy has proven its ability to withstand and adapt in the Corona crisis as well as in the energy crisis."

The government currently expects GDP growth of 0.4 percent for this year, while the government forecast in January was that it would reach 0.2 percent. Economic indicators such as industrial production, orders, and business climate suggest a year-round economic recovery, with Europe's largest economy expected to grow by 1.6 percent in 2024.

 

Source (Al-Raya Qatari Newspaper, Edited)

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