Economic experts expect 0.2 percent growth in 2023

Berlin In an international comparison, Germany continues to fall behind in terms of economic prospects. The economists only expect growth of 0.2 percent for 2023, as they announced on Wednesday. The reasons are high inflation, problems in foreign trade and a collapse in the construction industry. In 2024, growth should then be 1.3 percent.

Measured against comparable countries, the Federal Republic is in a bad position. This is shown by new figures from the industrialized countries organization OECD on the leading economic nations of the G20. Only in five of these countries are the growth prospects worse than in Germany in the next two years – including special cases such as Russia or Turkey.

There is also much to suggest that the German economy will not even achieve weak growth in 2023, i.e. that it will still remain below the forecast of the economic experts. This was created before the turbulence on the banking market in the past few days. Experts expect that these will have consequences for economic development.