📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

German economy could grow by up to 1.9% in 2024 - econ min

Published 06/12/2023, 04:19 AM
Updated 06/12/2023, 04:20 AM
© Reuters. German Economy and Climate Protection Minister Robert Habeck attends a plenary session of the lower house of parliament, Bundestag, in Berlin, Germany May 25, 2023. REUTERS/Nadja Wohlleben

BERLIN (Reuters) - The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday.

© Reuters. German Economy and Climate Protection Minister Robert Habeck attends a plenary session of the lower house of parliament, Bundestag, in Berlin, Germany May 25, 2023. REUTERS/Nadja Wohlleben

"We expected economic growth of 0.4% for this year ... In 2024, we think we could get back to growth of 1.6%, 1.9%, so slowly reaching the normal rates again," Habeck said in a speech at the east German economy forum in the state of Brandenburg.

In April, the government slightly lowered its 2024 growth forecast to 1.6% from the 1.8% foreseen in January.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.