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Economy

Aerospace

BDI - Bundesverband der Deutschen Industrie e.V.

12/19/2023 | Press release | Distributed by Public on 12/19/2023 09:10

Quarterly Report Germany IV/2023: German economy not getting into gearRecovery still not happening

Quarterly Report Germany IV/2023: German economy not getting into gear

For 2023 overall, the BDI expects real economic output to be down by 0.4 percent. Following the pandemic-induced slump in GDP in 2020, economic activity is floundering yet again. The German economy is taking a long time to recover from the energy crisis. The industrial production also faltering increasingly. High order backlogs are gradually thinning out while new orders are low.

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