Bundesbank Sees German Economy Gaining Momentum in Coming Years
- GDP to rise 0.3% in 2024, followed by 1.1% and 1.4% after that
- ECB isn’t on autopilot on interest-rate cuts, Nagel says
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The Bundesbank expects the German economy to slowly gain momentum in 2024 followed by stronger growth in the years ahead, according to fresh forecasts published Friday.
Real gross domestic product will increase by 0.3% this year, it said, slightly tweaking its December forecast of 0.4%. Output growth will then accelerate, expanding 1.1% in 2025 and 1.4% in 2026.