Decline in economic output - bad prospects. Economic output is likely to fall slightly again in the first quarter of 2024.
Hopes for a strong economic recovery this year have now dwindled. The federal government only expects mini-growth of 0.2 percent. Germany complies with the European debt rule for the second year in a row, which allows EU states to have a budget deficit of a maximum of three percent. The rules were suspended because of the Corona aid programs. Representatives of the European Parliament and the governments of the EU member states recently agreed on a reform.