Germany to Quash Recession Fears With 2023 Growth Forecast
- Government to publish forecast of 0.2% expansion this year
- Economy Ministry had predicted contraction of 0.4% for 2023
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The German government expects Europe’s biggest economy to grow by 0.2% this year instead of the 0.4% contraction it predicted in October, according to people familiar with new forecasts to be published Wednesday.
The government downgraded its growth forecast for next year to 1.8% from 2.3%, according to the people, who asked not to be identified ahead of official publication.