VOT Research Desk
The German economy is predicted to decrease by 0.1% in 2023, according to the Ifo Economic Institute in Germany.
The gross domestic product declines in the first and second quarters of the winter half-year 2022–2023 before increasing once more, according to Ifo’s head of forecasting Timo Wollmershaeuser.
Ifo also stated that from 7.8% in 2022, inflation in Germany is predicted to drop to 6.4% in 2023 and 2.8% in 2024.
Following its publication, the German DAX 30 Index started to decline and was last noted down 0.62% daily.
