Posted 4/16/2024, 2:48:11 PM
IMF Slashes 2023 Growth Outlook for Germany on Structural Drags; Russia Upgraded Despite Sanctions
- IMF cuts growth forecast for Germany to 0.2% in 2023, down from 0.5% estimated in January
- Structural issues like declining working population and barriers to investment are concerns
- Eurozone growth expected to pick up from low levels, driven by higher household consumption
- Germany seen having weakest growth in G7 due to competition from China, green transition, energy costs
- Despite sanctions, IMF revises Russia's 2023 growth forecast up to 3.2% from 2.6% in January
