Economic forecast lowered: “economy stricken”. In 2023, economic output in Europe's largest economy fell by 0.3 percent.
According to institutes, a tough phase of economic weakness is accompanied by dwindling growth forces. Although the economy is likely to begin to recover from spring onwards, the overall momentum will not be too great. In the current year, private consumption is becoming the most important driving force for the economy, and in the coming year, foreign business will also increase.