Why will Germany's recession be more severe than expected?

The Ifo Institute's recent projections indicate that Germany's recession will be more severe than initially anticipated due to sticky inflation negatively affecting private spending.

What is the projected decline in Germany's GDP?

The German GDP is projected to fall by 0.4% in contrast to the previous estimate of a 0.1% decline.

What are the reasons behind Germany's economic decline?

The larger-than-expected decline in the German economy is attributed to weak spending power, rising interest rates, and low manufacturing order books.

Is Germany gradually emerging from the recession?

Yes, according to Timo Wollmershaeuser, the head of economic predictions at Ifo, Germany is gradually emerging from the recession.

How does Germany's economic performance compare to its trading competitors?

Germany's primary trading competitors are expected to achieve growth, while Germany's economy remains the worst-performing major country in the eurozone.

What are the inflation projections for Germany in the coming years?

Inflation is anticipated to gradually decrease from 6.9% in 2022 to 5.8% this year and 2.1% in 2024.

Second quarter

Students

Kinjal NarangAugust 1, 2023
135

Germany’s recession will be more severe than expected

Germany’s recession will be more severe than expected Germany’s recession will be more severe than expected, as per the IFO…
Read More »