Germany Contracts In 2023, 2024 Growth Will Stay Constrained
Country Risk / Germany / Mon 15 Jan, 2024
Key View
- According to the initial estimate from the German Federal Statistical Office (Destatis), German real GDP contracted by 0.3% in 2023. This marked a sharper contraction than our prior forecast for a 0.1% decline, signaling a worse economic performance in Q423 than expected by consensus.
- We retain our forecasts for real GDP growth of 0