Germany Again Lowers GDP Growth Forecast.
According to Minister of Economics and Climate Protection Robert Habeck, the German economy will not achieve significant growth even in 2025 due to the country's structural crisis. The GDP growth forecast for this year has been adjusted to a less optimistic value of 0.3% instead of the expected 1.1%. However, the forecast for 2026 has already been increased to 1.1%. This will only happen if the international situation improves and there are no protectionist measures from allied states. In 2020, Germany's GDP decreased by 0.2%, and in 2023, it fell by 0.3%. In the fourth quarter of 2024, GDP remained at the same level as in October-December 2019. The report also indicates that the German economy has been in stagnation for two years and is recovering more slowly than planned. The opposition is accusing the government of economic mismanagement.
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