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German govt 'expects another recession in 2024'

The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper.

Germany's Economy Minister Robert Habeck will officially unveil the latest forecasts on Wednesday. (AFP)
By: NewVision Reporter, Journalists @NewVision

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FRANKFURT - The German government has slashed its forecast and now expects Europe's largest economy to shrink for a second year running as hopes for a

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Business
Minister Robert Habeck
German government
Economy