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The German Cabinet has decided to propose to the Federal President the reappointment of Achim Truger to the German Council of Economic Experts for a second term of office.
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This year, the German Council of Economic Experts will publish its updated economic outlook for 2024 and 2025 on 15 May 2024. For the first time, a chapter of the Annual Report will be published with the economic outlook in spring this year.
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The short-term outlook for the German economy has improved slightly compared to autumn 2022, but the situation remains strained. High inflation continues to inhibit the economy this year. The loss of purchasing power due to inflation, tighter financing…
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The German Council of Economic Experts today presented its Annual Report 2023/24 entitled "Overcoming weak growth – Investing in the future" to the German government.
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The energy crisis and lower real incomes are still weighing on the short-term economic outlook. In the medium term the declining volume of work, the outdated capital stock and the lack of innovative companies weigh on economic growth in Germany.
