BERLIN, 20th June, 2024 (WAM) – The ifo Institute has raised its forecast for economic growth in Germany this year from 0.2 percent to 0.4 percent. Next year, the figure is likely to accelerate to 1.5 percent.
“New hope is currently emerging,” says Timo Wollmershäuser, Head of Forecasts at ifo. “The German economy is slowly working its way out of the crisis. The second half of 2024 is expected to be significantly better than the first half.”
At the same time, inflation will slow down, from 5.9 percent last year to 2.2 percent this year and just 1.7 percent next year.