Germany Expects to Grow This Year as Worst Scenarios Avoided
- Government estimates the economy will expand by 0.2% in 2023
- Economy Ministry had predicted 0.4% contraction for this year
This article is for subscribers only.
The German government forecast growth this year as measures to deal with the energy crisis and brightening business sentiment help Europe’s biggest economy avoid a slump.
Output is expected to increase by 0.2% in 2023, according to projections from the Economy Ministry published on Wednesday. This compares with its October prediction of a 0.4% contraction.