Germany Is Giving Up Hope of Achieving Any Growth in 2024
- Officials are set to cut forecast in release of projections
- That’s admission of defeat with election less than a year away
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Germany’s government is poised to cut its prediction for Europe’s biggest economy and now expects no expansion at all this year, according to people familiar with the matter.
Officials in Berlin are set to lower their forecast for growth in 2024 to — at best — stagnation, down from 0.3% previously projected, said the people, who declined to be identified because the predictions remain confidential for now.