By Holger Hansen
BERLIN (Reuters) – The German Council of Economic Experts expects 0.2% gross domestic product growth this year, according to source who has seen a draft document that will be presented on Wednesday.
For 2025, the economic experts forecast 0.9% growth, the source said on Tuesday.
In its autumn forecast published in November 2023, the panel of experts forecast growth of 0.7% for 2024.
The German economy shrank by 0.2% last year, the weakest performance among big euro zone economies, as high energy costs, lacklustre global orders and record high interest rates took their toll.
At the start of this year, Germany skirted a recession, growing by 0.2% in the first quarter from the previous three-month period in adjusted terms. In the last quarter of 2023, the economy shrank by 0.5%.
The economic experts are somewhat less optimistic for 2024 than the German government, which expects 0.3% GDP growth this year.
(Reporting by Holger Hansen, writing by Maria Martinez, Editing by Kirsti Knolle and Madeline Chambers)
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