À propos de cet article
Publié en ligne: 25 oct. 2024
Pages: 730 - 734
DOI: https://doi.org/10.2478/wd-2024-0184
Mots clés
© 2024 Geraldine Dany-Knedlik et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
The German economy has stagnated for over two years, with a slow recovery anticipated in the coming quarters. However, growth is unlikely to reach pre-COVID-19 levels anytime soon. Decarbonisation, digitisation, demographic changes, and heightened competition from China are dampening growth prospects. GDP is projected to decline by 0.1 % in 2024, with increases of 0.8 % and 1.3 % in the subsequent years. Rising private consumption and improving foreign trade are expected to contribute positively to the economic upturn in Germany. Economic policy should prioritise reducing productivity barriers, facilitating structural changes, and lowering political uncertainty to support recovery.