Economic situation of Germany is not optimistic in 2024.

According to the recent release research paper by IFO and Institut fur Schweizer Wirtschaftspolitik, global economic growth in 2024 may not be as strong as everybody expected, and, Germany`s ranked last in terms of growth potential.

Germany`s economic growth rate is expected to be 0.6% in 2024, which is lower than the expect average global economic growth rate 2.6%, base on two research institutions.

IFO research Klaus Grundler analyzed that currently the only European countries that may be worse than Germany are United Kingdom (0.5%) and Sweden (0.4%). For Austria (0.9%) and Switzerland (1.3%), are also quite cautious.