Germany Economic Growth Rate 2024 Forecast

Germany Economic Growth Rate 2024 Forecast. The european commission expects the german economy to grow 0.1% in 2024, rebounding from a 0.3% contraction in 2023 as domestic demand is set to pick up slowly. Domestic demand is set to pick up slowly in 2024 and 2025, as real wage growth resumes.

The uk ranked sixth in the g7 for growth in the third quarter, above italy but below france, germany and the us, which grew by 0.4 per cent, 0.2 per cent and 0.7 per cent. The forecast for 2025 is an increase of 0.8%, and a 1.3% increase.