German Chancellor, Olaf Schölzthis Tuesday convinced Germany It won’t go into recession in 2023contrary to forecasts pointing to a contraction for this year and after registration in 2022 GDP growth is 1.9%.
“I am completely convinced that Germany will not go into recession in 2023,” the German Chancellor told Bloomberg agency from Davos in an interview ahead of his speech ahead of the World Economic Forum in Switzerland tomorrow.
Both the Scholz government’s economic team and the main German economic institutes had predicted a recession by now..
Recent calculations from mid-December showed that the fall will not be as pronounced as initially feared due to the energy crisis and high inflation triggered by the war in Ukraine, but the decline will be 0.1% of the Domestic Index. Product Gross (GDP).
These year-end calculations were followed by data on GDP for the full 2022 this January. higher growth than previously anticipatedIn December, inflation decreased by 1.4 points compared to November and regressed to 8.6%.