German economy slowly emerging from crisis: ifo

BERLIN, June 20 (Xinhua) -- Germany's economy is expected to grow by 0.4 percent in 2024, from the previously predicted 0.2 percent, according to the ifo Institute for Economic Research on Thursday.

Europe's largest economy was "slowly working its way out of the crisis," said Timo Wollmershaeuser, deputy director of the ifo Center for Macroeconomics and Surveys, in a statement.

Although companies' assessm