Germany's Ifo slightly raises 2024 GDP forecast, says progress slow

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. “Th