Germany's IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation

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Germany's IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
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Germany's IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation Germany GDP EconomicIndicator EURUSD

released on Wednesday, Germany's IfW economic institute raised its growth forecast for 2023 from 0.3% to 0.5%.“The German government is predicting growth of 0.2%. For 2024, the institute upgraded its growth forecast from 1.3% to 1.4%.”"The economic consequences of the war in Ukraine have stalled the recovery from the pandemic and noticeably depressed the level of gross domestic product.

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