IfW Kiel forecasts 0.5% German growth this year / Ifo predicts small contraction / ECB raises outlook for Eurozone
Prospects for the German economy have brightened slightly according to the Kiel Institute for the World Economy. The spring forecast from the Kiel economists predicts Germany’s GDP to increase 0.5% in 2023, an improvement from the autumn estimate of 0.3%. Growth next year is expected at 1.4%, one-tenth of a point higher than the last estimate. “The economic compass is pointing upwards again,” says Stefan Kooths, vice-president and head economic research at the institute. “However, the upward momentum... (20.03.2023)