German economy to grow in 2023 as outlook brightens

The German economy, Europe’s largest, is expected to dodge a recession and grow by 0.3 percent this year thanks to a drop in energy prices, leading economic institutes said Wednesday.

“The economic setback in the winter half-year 2022/2023 is likely to have been less severe than feared,” Timo Wollmershaeuser from the Ifo institute said in a statement.

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