The German Economy Minister acknowledges that there are “uncertainty” factors and that exports will slow down this year. But the economic situation is “more favourable” than was feared.
The German Economy Minister acknowledges that there are “uncertainty” factors and that German exports will slow down this year, but the economic situation is “more favourable” than feared in the autumn.
In an annual report to be presented in greater detail this afternoon by Minister Robert Habeck, the ministry estimates that exports will grow at a rate of 2.2% in 2023, a slowdown from 3.2% last year. This growth should allow, according to the same report, a positive growth of the German economy this year: 0.2%.
“The situation at the beginning of the year is more favorable than was assumed in the projections made in autumn”, can be read in this annual economic report published by the Habeck ministry.
The greater confidence of the German government is accompanied by the main think tanks germans. The influential Ifo also said on Wednesday that the German economy is likely to escape recession, even if it may post slightly negative growth in this first quarter.
Recession. Will the world (and Portuguese) economy fall into a “banana” in 2023?
Source: Observadora
