German GDP

Germany's price-adjusted gross domestic product (GDP) in 2022 was 1.9 per cent higher than in the previous year, according to preliminary figures published by the Federal Statistical Office (Destatis)

In an intensified crisis scenario, Germany's real gross domestic product (GDP) would decline by just under two per cent in the current year compared with 2021, according to the report

The Kiel Institute for the World Economy (IfW Kiel) almost halved its forecast for Germany's gross domestic product (GDP) growth in 2022 from 4% to 2.1%

Economy is benefiting from rising private consumption and increased state spending on refugees