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Updated economic outlook for 2023 and 2024 published: The German Council of Economic Experts expects German GDP to grow by 0.2 per cent in 2023 and by 1.3 per cent in 2024. High inflation continues to inhibit the economy this year.
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In a by-lined article, the GCEE explains the risks associated with dependence on Russian energy sources and possible measures to end the dependence and to reduce the effects of a suspension of Russian energy supplies in the short term.
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Updated Economic Outlook for 2022 and 2023: The German Council of Economic Experts has lowered its outlook for 2022 and expects a GDP growth of 1.8% in Germany. For 2023, the Council expects a growth rate of 3.6%.
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Background information: The German Council of Experts discusses in detail the effects of a possible end to energy supplies from Russia on energy security and economic output.
