Germany's 2024 growth cut to just 0.2% - Breaking news. Economic research institute Ifo sharply cuts its estimate for growth in the German economy.
Just weeks after cutting its forecast to 0.7 percent in January from 0.9 percent in December. "Restrained consumer spending, high interest rates and inflation, the Government's austerity measures together with weak global growth are weakening the economy and leading to another winter recession," Timo Wollmershäuser, head of of the Ifo forecasts.