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'Market stability not at risk': German economic advisers,
Growth estimates 2023-2024 upgraded, 'we avoided a recession'
22 March, 16:27
(ANSA) - BERLIN, MAR 22 - The stability of the financial
markets is not at risk, said German economic advisers, the
so-called sages, presenting estimates of Germany's growth and
overall economic situation at a press conference in Berlin.
The scenario is very different from what it was in 2008, said Ulrike Malmedier; the interbank market is working well, assuring support to the real economy through credits.
According to the independent panel of experts, which regularly advises the German cabinet, Germany will avoid recession: in 2023, GDP will grow by 0.2% instead of suffering a 0.2% fall as previously estimated, and in 2024, a 13% growth is expected.
(ANSA).
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The scenario is very different from what it was in 2008, said Ulrike Malmedier; the interbank market is working well, assuring support to the real economy through credits.
According to the independent panel of experts, which regularly advises the German cabinet, Germany will avoid recession: in 2023, GDP will grow by 0.2% instead of suffering a 0.2% fall as previously estimated, and in 2024, a 13% growth is expected.
(ANSA).
