$2.6 trillion in German debt in 2023...and the economy is suffering. The volume of the country's sovereign debt rose last year by 3.3%.
In 2023, the German economy declined significantly, with the gross domestic product declining by 0.3% due to the industrial sector crisis. The Kiel Institute for the World Economy spoke of “headwinds” for the economy from inside and outside Germany. Its new forecasts are close to those of the German government, which forecast growth of 0.2% this year.