Germany's Ailing Economy: 2023 Growth Slashed to 0.1% on Weak Demand and Energy Costs

• Experts slash Germany's GDP growth forecast for 2023 from 1.3% to 0.1% due to low domestic demand and high energy prices • Consumer purchasing power seen as crucial to improving economic outlook • Germany's economy described as "ailing" with dwindling growth forces • Recovery expected to begin in spring but overall momentum seen as limited • 2024 forecast predicts slightly higher growth of 1.4%