Germany nudges up growth forecast, ailing economy at 'turning point'

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The German government slightly increased its 2024 growth forecast to 0.3 percent, up from a previous prediction of 0.2 percent. The economy ministry cited improvements in key indicators, such as factory output and business activity, as signs of a 'turning point' for the economy. The ministry also lowered its inflation forecast for this year to 2.4 percent and expects it to fall below two percent next year. Despite the positive outlook, officials warn that Germany's growth is still slower than other developed economies and faces deep-rooted problems such as an ageing population and labour shortages.

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https://finance.yahoo.com/news/german-forecast-offer-signs-ailing-032539107.html