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International Business Times
International Business Times
World
Michelle FITZPATRICK

German Economy To Nearly Flatline This Year, Think-tanks Say

Europe's largest economy will expand by just 0.1 percent in 2024, German think-tanks said (Credit: AFP)

The German economy is expected to barely grow this year, leading economic institutes said Wednesday, as weak demand at home and abroad slows the path to recovery.

Europe's largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint statement, a sharp downgrade from their earlier forecast of 1.3 percent growth.

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