The Council of Economic Elders is an advisory body affiliated with the German Council of Ministers, which includes five senior experts in the field EconomyIts official name is the “Council of Experts for the Evaluation of Comprehensive Economic Development.”
The Council of Experts stated in its annual report that: German economy Still in condition recessionHe explained, “The continued weakness in growth indicates that the German economy is facing a slowdown due to both economic and structural problems.”
Last May, the Council expected to achieve a growth rate of 0.2 percent in 2024 and 0.9 percent in 2025, but it has now clarified that German economy It will only recover slightly during 2025.
The Council pointed to the decline in production and value added in Industry sectorIn addition to retreat Investments.
The report also stated that recovery Global economy It has not yet led to an increase German exports As usual previously.
The Council continued in its report that private consumption is not witnessing a recovery, pointing out that the savings rate continues to rise, which means that many families prefer to save their money instead of spending it.
