German Industrial Sector Starts 2024 On Weak Footing, Posing Downside Risks To Short-Term Outlook
Country Risk / Germany / Thu 29 Feb, 2024
Key View
- Following a 0.3% real GDP contraction in 2023, we retain our forecast for the German economy to grow by 0.3% in 2024 and 1.0% in 2025, driven by a muted recovery in consumption while the industrial sector faces ongoing headwinds.
- Production in energy-intensive industries remaining constrained will hamper broader output in 2024