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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 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 In the medium term the declining volume of work, the outdated capital stock and the lack of innovative companies weigh on economic growth in Germany.