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German Economy MinistryDW
•84% Informative
Germany 's Economy Ministry now expects the economy to shrink in 2024 for the second year in a row .
Germany 's leading economic institutes have also recently lowered their forecasts and predict stagnation or a 0.1% contraction this year .
But the government has a more optimistic outlook for the coming years .
Germany was the only major advanced economy to contract in 2023 as it reeled under the effects of an industrial slowdown.
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