Ifo institute cuts German GDP forecast for next year

<p>This adds to the DIW economic institute forecast revision earlier <a href="https://www.forexlive.com/news/germanys-diw-institute-revises-down-gdp-forecasts-following-budge-cuts-20231214/" target="_blank" rel="follow">here</a>. Ifo now sees the German economy growing by just 0.9% in 2024, with the forecast being revised down from 1.4% previously. However, they are raising the GDP growth forecast for 2025 to 1.3% – up slightly from their previous forecast of 1.2%.</p>

This article was written by Justin Low at www.forexlive.com.