Instead of gaining momentum, the economy continues to be characterised by a general reluctance by consumers to spend, contributing to the projected contraction of 0.2 percent this year.
Germany has faced a unique situation as the only major advanced economy to contract in 2023, grappling with industrial slowdowns, cooling export demand, and high energy prices.
Despite the downturn, the government remains hopeful, with the economy ministry forecasting a growth of 1.1 percent for 2025, partly linked to a proposed growth initiative.
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