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German economy to avoid recession, grow 0.2% in 2023: govt

Berlin was bracing for a contraction of 0.4 percent

Redazione Ansa

(ANSA-AFP) - BERLIN, JAN 25 - Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected. Industrial powerhouse Germany is forecast to eke out growth of 0.2 percent in 2023, the economy ministry said in its latest projections. Back in October, when fears were running high about soaring energy costs in the wake of Russia's war in Ukraine, Berlin was bracing for a contraction of 0.4 percent. (ANSA-AFP).

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