German think tank IFO raises Germany's economic growth forecast for 2024

Golden 10 data on June 20, the German economy will Rebound better this year than previously expected, the German think tank IFO currently predicts that the German economy will rise 0.4% this year, compared with 0.2% in March. “New hope is emerging. The German economy is slowly emerging from the crisis,” says Timo Wollmershaeuser, head of forecasting at IFO. The German economy will accelerate its recovery in the second half of the year after a slow recovery in the first half of the year, as household purchasing power picks up and demand for goods and services gradually improves. Industrial activity is also likely to continue to rebound and benefit from the rise in global demand. However, the survey still shows that companies have a poor assessment of the economic situation, although expectations for the economic situation have improved recently.