Only once in post-war history has the German economy shrunk in two consecutive years - in 2002 and 2003. German Chamber of Commerce and Industry expects economic output to decline again this year.
Almost three out of five companies now see the economic policy framework as a business risk. The federal government wants to officially lower its growth forecast for 2024 from 1.3 to just 0.2 percent next week. If we do nothing, our country will fall behind no Western democracy, says Finance Minister Christian Lindner.