deer German government and Willing to lower his expectations Of growth for the largest economy in Europe and no expansion is now expected this year. Bloomberg wrote, citing people familiar with the matter.
Officials in Berlin are set to cut their 2024 growth forecasts to – At best – stagnationDown from the previous forecast of 0.3%, said the people interviewed by the agency, who did not receive any comment from the Economy Ministry spokesman, who will soon present the government’s updated forecast in Berlin.
The prospect of no growth would be an admission of failure by the coalition government Another blow to Chancellor Olaf Scholzwho has not seen economic expansion for two consecutive quarters since taking office in December 2021.
This is not a simple period for the German economy, with Volkswagen Which lowered its estimates for the entire year 2024, after threatening to close factories in Germany and the United States Intel It decided to postpone a €30 billion investment decision to establish a new chip factory in the country.
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