The economy in Germany is weakening. The economic forecasts are turning negative. Picture Alliance
The BDI made the start. The industry association expects economic growth of 0.3 percent in Germany in 2024. It was the first economic forecast of the new year.
The association is therefore in the middle of the forecasts. After the gross domestic product (GDP) fell by 0.3 percent in 2023, most economists expect the German economy to grow at best in 2024. The federal government officially expects 1.3 percent growth.
Here is an overview of the most important forecasts for German economic growth in 2024 and 2025.
The economic forecasts for Germany look poor. Most institutes and banks have recently lowered their expectations for the economy in 2024. After the gross domestic product fell by 0.3 percent in 2023, they expect Germany to experience at most small growth in the new year. The first thing the Federal Association of German Industries (BDI) presented in the new year was its economic forecast. The BDI expects Germany to achieve mini-growth of 0.3 percent.
The economic forecasts are currently still changing quickly. This reflects the great uncertainty as a result of the wars in Ukraine and Israel. The budget ruling of the Constitutional Court and the federal government’s austerity decisions also leave their mark.
Our table shows all the relevant forecasts for the economy in Germany for 2024 and 2025. They come from the federal government, international organizations, Institutes, banks and associations. The forecasts refer to the change in gross domestic product (GDP) compared to the previous year.
The arrows show in which direction the forecasts were last corrected. You can sort all columns using the top field.
What are the economic forecasts for Germany?
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