Economic recovery “not yet in sight”: IWH expects increasing numbers of insolvencies. For 2024, the traffic light significantly lowers the forecast for economic growth and assumes a GDP (gross domestic product) increase of 0.2 percent.
According to the report, there are also positive trends - such as in industrial production, construction and foreign trade at the beginning of 2024. But there are risks due to ongoing geopolitical tensions and an economic slowdown in important trading partner countries such as China.