Economic forecast – growth is lower – economy

As a result of the Ukraine war, the federal government is assuming significantly weaker growth in the German economy for the current year than assumed at the beginning of the year. In his spring projection, Federal Minister of Economics Robert Habeck (Greens) expects a price-adjusted increase in gross domestic product of 2.2 percent for 2022, as the Reuters news agency learned from government circles on Friday. That is 1.4 percentage points less than assumed in January’s annual economic report. “A deterioration in the current situation – especially with regard to the energy supply – could dampen economic expectations again,” said government circles. For 2023, the expected growth of 2.5 percent is slightly higher than at the beginning of the year. Habeck will present the spring projection on Wednesday.

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