Ifo institute forecasts "zero growth" for German economy in 2024

BERLIN, Sept. 5 (Xinhua) -- The Munich-based ifo Institute for Economic Research has downgraded its economic growth outlook for Germany on Thursday, predicting zero growth for 2024, down from the previous estimate of 0.4 percent. The growth forecast for 2025 has also been revised downward significantly, from 1.5 percent to 0.9 percent.

"The German economy is stuck and languishing in the doldrums, while other cou