# German govt to slightly raise 2023 GDP forecast – sources
Published: 2023-04-20
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: German govt to slightly raise 2023 GDP forecast
Meta Description: German government to slightly raise its economic growth forecast for this year. Inflation forecasts adjusted as well. Stay informed with Reuters updates.
URL: https://brandsjournal.com/german-govt-to-slightly-raise-2023-gdp-forecast-sources/

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[German](https://brandsjournal.com/german-wholesale-prices-fall-0-6-in-june/) govt to slightly raise 2023 GDP forecast – sources

By Holger Hansen

BERLIN (Reuters) -The German [government](https://brandsjournal.com/german-government-plans-supplementary-budget-for-2024-bild-says/) is set to slightly raise its economic growth forecast for this year to 0.4% from its previously predicted 0.2%, two sources told Reuters on Thursday.

For 2024, the government will slightly lower its prediction, to 1.6% from the 1.8% foreseen in January, the sources said.

Inflation [forecasts](https://brandsjournal.com/exclusive-german-govt-expects-inflation-to-surge-to-2-9-in-2021-source/) will also be tweaked down, with the rates for both 2023 and 2024 now seen 0.1 percentage point lower, at 5.9% and 2.7%, respectively.

An Economy Ministry spokesperson did not comment and said Economy Minister Robert Habeck would present the spring economic projections next Wednesday.

With the new projections, the [government](https://brandsjournal.com/german-government-plans-supplementary-budget-for-2024-bild-says/) is slightly more optimistic than the five economic institutes that prepare the Joint Economic Forecasts, which foresee 2023 economic growth of 0.3%.

In the Joint Economic [Forecasts,](https://brandsjournal.com/exclusive-german-govt-expects-inflation-to-surge-to-2-9-in-2021-source/) which are incorporated into the ministry’s forecasts, the institutes predict inflation of 6.0% in 2023, before slowing to 2.4% in 2024.

(Reporting by Holger Hansen, Writing by Miranda Murray, Editing by Rachel More)


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