German institutes forecast -0.6% GDP contraction this year, but downturn to subside by year-end

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<p>In the Joint Economic Forecast by five leading economic institutes, Germany is bracing for an economic contraction of -0.6% in 2023, a significant downward adjustment by 0.9% from the spring 2023 prediction. Nevertheless, the silver lining comes in the form of anticipated rebounds in the following years: Growth of 1.3% in 2024 and 1.5% in […]</p>
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