Press conference: ifo Economic Forecast Spring 2023: German Economy Stagnating

ifo Economic Forecast Spring 2023: German Economy Stagnating

Price-adjusted GDP will stagnate at around the prior-year level this year (−0.1%) and increase by 1.7% next year. At 6.2% on average, the inflation rate in 2023 will be only slightly lower than a year earlier. The rate is not expected to fall to 2.2% until next year.