📝Expect German Economy to Contract By 0.5% In 2023: Commerzbank

German businesses are more upbeat amid falling energy prices and the absence of energy shortages, but new orders are falling, which will likely lead to a downturn in economic activity.

German economy likely to be hit by increases in interest rates, the decline is expected to be seen this year. However, the slowdown will not be a "classic recession" as positive developments could support growth. We expect stable employment, strong balance sheets, and lower energy import prices to counteract tighter monetary policy.

See Germany GDP contracting by 0.5% in 2023. - Commerzbank