Exclusive-Germany forecast to narrowly escape recession in 2023 – source

Exclusive-Germany forecast to narrowly escape recession in 2023 - source

BERLIN (Reuters) – Germany is expected to narrowly avoid recession this year with price-adjusted growth of 0.2%, a source said on Wednesday citing non-finalised estimates from the governments draft annual economic report.

The government now expects inflation of 6.0% in 2023 versus its previous forecast of 7.0%, according to the draft report, the source said.

(Reporting by Holger Hansen, Writing by Rachel More; Editing by Mark John and Madeline Chambers)

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