(Morning News) The German authoritative economic research institution released the autumn joint economic prediction report on Thursday (September 29).Compared with the two years of the joint economic prediction report this year's spring, the two years increased by 2.7%and 3.1%, respectively.
Xinhua News Agency reported that due to the energy crisis, the German economy is expected to slide into the trough and then shrink.In extreme cases, when the shortage of natural gas, the failure of the cold winter, and energy conservation at the same time, the German economy may have a larger shrinkage in 2023.
The report also predicts that the inflation rate in Germany will rise to 8.4%and 8.8%, and it is not expected to return to 2.2%until 2024.
Schmidt, an expert at the Rhine-Westpulia Institute of Economics, said that energy and food prices are high, and it may continue to rise in the next yearBoth families and enterprises need further policy support.
The report was jointly completed by the Institute of Economic Research Institute, the Kil World Institute, the Harley Institute of Economics and the Rhein Westpulia Institute of Economics.The joint economic prediction report is released every spring and autumn, which is an important reference basis for the German federal government to formulate economic policies.
