ifo Press Conference: ifo Economic Forecast Autumn 2023: German Economy Continues to Cool

ifo Economic Forecast Autumn 2023: German Economy Continues to Cool

Price-adjusted gross domestic product will decline by 0.4% this year. In the next two years, economic output is expected to increase by 1.4% and 1.2%. The inflation rate will fall further from an average of 6.0% this year to 2.6% next year and 1.9% the year after.