January 29, 2025 13:16 GMT
GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected
GERMANY
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The German economy ministry has lowered its 2025 growth forecast to 0.3% from a prior 1.1%, in line with sources reports from Handelsblatt published last week.
- Economy minister Habeck has also mentioned a potential growth estimate for Germany at 0.5% Y/Y. The ministry expects employment to be flat in 2025, implying slight productivity gains this year.
- The revision brings in the government's 2025 Germany growth forecast in line with MNI's sellside consensus estimate, which also stands at 0.3% Y/Y and has been downwardly revised by 0.2pp during the last three months.
- German preliminary Q4'24 GDP figures are scheduled to be released tomorrow, with the pre-advance print seeing -0.1% Q/Q.
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