The German economy is weighed down by weak demand at home and abroad, high interest rates and rising energy costs.
The German government predicts that the country’s economy will continue to contract this year.
The country’s Ministry of Economy has darkened its estimate and now predicts that the gross domestic product will shrink by 0.2 percent this year. In the previous forecast, a gentle 0.3 percent growth was promised for this year.
The German economy is weighed down by weak demand at home and abroad, high interest rates and rising energy costs.