Germany’s Year of Frailty Is Seen Ending in Double-Dip Recession
- Survey of economists points to shallow slump, feeble recovery
- Pickup in Europe’s biggest economy won’t arrive until 2024
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Germany won’t escape a second recession this year as the economy long seen as Europe’s motor limps through persisting industrial weakness, according to forecasters.
Gross domestic product declined 0.2% in the quarter through September and will probably fall a further 0.1% before the end of 2023, Bloomberg’s survey of economists shows. Their predictions point to a feeble recovery then taking hold.