Insiders report: Ampel significantly lowers growth forecast for 2024. In fact, the German economy has one foot in recession.
If there is another decline in the current first quarter, it will be referred to as a technical recession. The Bundesbank expects “at best” stagnation from January to March. In order to make this permanent, further measures to secure skilled workers, reduce bureaucracy and provide investment incentives for Germany as a location are necessary. The traffic light government wants to present a concept to strengthen the location by spring.