Ifo revises down German GDP growth estimate to 0.2% - Breaking The News

Ifo revises down German GDP growth estimate to 0.2%

17 March

1 min read

EPA-EFE/CLEMENS BILAN

The Munich-based Institute for Economic Research (Ifo) revised down on Monday its forecast for Germany's economic growth in 2025 by 0.2 percentage points to 0.2%.

"While the construction and manufacturing sectors are deep in recession, the economic output of public service providers expanded strongly. Business and consumer-related services tended to develop sideways, in line with the overall economy," it was written in the report.

For 2026, the gross domestic product growth in the country is seen at 0.8%. The country's unemployment rate is projected to be at 6.2% in 2025 and at 6% in the year after. Consumer inflation for this year is expected to run at 2.3%, while in 2026 it is seen at 2%.

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