(Bloomberg) -- The Bundesbank expects the German economy to slowly gain momentum in 2024 followed by stronger growth in the years ahead, according to fresh...
-- The Bundesbank expects the German economy to slowly gain momentum in 2024 followed by stronger growth in the years ahead, according to fresh forecasts published Friday.Billionaire-Friendly Modi Humbled by Indians Who Make $4 a DayReal gross domestic product will increase by 0.3% this year, it said, slightly tweaking its December forecast of 0.4%. Output growth will then accelerate, expanding 1.1% in 2025 and 1.4% in 2026.
The Bundesbank expects private consumption to gradually pick up and export business to improve from the second half of the year. “Against this backdrop, industry will also grow more strongly again,” it said. The Bundesbank published its projections a day after the ECB delivered on its promise to cut rates but left investors querying where policy is headed next by also saying it will take longer for inflation to reach 2%.
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Bundesbank Gross Domestic Product Joachim Nagel
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