According to the daily Bild edition released on Friday, German Economy Minister Robert Habeck predicted a 0.4% recession and 8% inflation in Germany in 2019.
The so-called “fall” forecast from the government, which is set to be released next Wednesday, was the basis for the German publication.
These predictions coincide with those made in the autumn report by five German institutions (DIW, IFO, IFW, IWH, and RWI), which was released on September 29.
The institutions anticipated a 0.5% decline in GDP.
4 percent in 2023, after growing by 1. 4 percent in 2022, and an inflation of 8. 8 percent next year, compared to 8. 4 percent this year.
According to Bild newspaper, Habek expects the unemployment rate to rise slightly in 2023 to 5. 4%, from 5. 2% in 2022. .
The German government anticipates that the GDP will contract by 0.4% in 2019.
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