ifo Pressekonferenz: ifo Konjunkturprognose Frühjahr 2024: Deutsche Wirtschaft wie gelähmt

ifo Economic Forecast Spring 2024: German Economy Paralyzed

Sentiment among companies and households is poor and uncertainty is high. Price-adjusted gross domestic product will increase by only 0.2 percent this year compared to the previous year. Next year, economic output will then increase by 1.5 percent. This means that the growth forecast for the current year has been significantly lowered (by 0.7 percentage points) compared to the ifo Economic Forecast Winter 2023 and slightly raised (by 0.2 percentage points) for 2025. Contrary to expectations, the German economy is in recession in the winter half-year 2023/24. In particular, a recovery in industrial activity will not set in until later