{"id":17676,"date":"2023-04-20T12:13:04","date_gmt":"2023-04-20T12:13:04","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/exclusive-german-govt-to-slightly\/"},"modified":"2023-04-20T12:13:22","modified_gmt":"2023-04-20T12:13:22","slug":"german-govt-to-slightly","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/german-govt-to-slightly\/","title":{"rendered":"German govt to slightly raise 2023 GDP forecast – sources"},"content":{"rendered":"

By Holger Hansen<\/p>\n

BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% from its previously predicted 0.2%, two sources told Reuters on Thursday.<\/p>\n

For 2024, the government will slightly lower its prediction, to 1.6% from the 1.8% foreseen in January, the sources said.<\/p>\n

Inflation forecasts will also be tweaked down, with the rates for both 2023 and 2024 now seen 0.1 percentage point lower, at 5.9% and 2.7%, respectively.<\/p>\n

An Economy Ministry spokesperson did not comment and said Economy Minister Robert Habeck would present the spring economic projections next Wednesday.<\/p>\n

With the new projections, the government is slightly more optimistic than the five economic institutes that prepare the Joint Economic Forecasts, which foresee 2023 economic growth of 0.3%.<\/p>\n

In the Joint Economic Forecasts, which are incorporated into the ministry’s forecasts, the institutes predict inflation of 6.0% in 2023, before slowing to 2.4% in 2024.<\/p>\n

(Reporting by Holger Hansen, Writing by Miranda Murray, Editing by Rachel More)<\/p>\n

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By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% from its previously predicted 0.2%, two sources told Reuters on Thursday. For 2024, the government will slightly lower its prediction, to 1.6% from the 1.8% foreseen in January, the sources said. Inflation forecasts […]<\/p>\n","protected":false},"author":8,"featured_media":17705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[1223],"class_list":["post-17676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3J0IE-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=17676"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17676\/revisions"}],"predecessor-version":[{"id":17706,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17676\/revisions\/17706"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/17705"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=17676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=17676"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=17676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}